Members are invited to consider the most recent Risk Intelligence reports provided at the annexes as follows:-

· Annex A – Mid East Updates
· Annex B – Northern Black Sea Updates

Annex A summarises the past week’s security updates across Middle East, where the situation remains largely unchanged as hostilities between Israel and the Houthis continue. Further, the Israel-Palestine ceasefire is holding as the US exerts continued pressure on Israel, however several violations of the agreement have been reported and are expected to continue.

Annex B summarises the past week’s security updates in the Black Sea region, where Russian forces have continued to target Ukrainian infrastructure and where Ukrainian forces continues to target Russian war-related industries. The ceasefire announcement between Israel and Palestine seems to have reignited interest in a ceasefire between Ukraine and Russia, which may coincide with the announcement of new sanctions imposed by the US and EU on Russian LNG imports.

In accordance with the scope of the agreement between ICS and Risk Intelligence, members are requested not to circulate the report further in its entirety. Members may precis the report or use extracts from it to help advise members on key issues or to assist in enquiries. In such cases, Risk Intelligence should be acknowledged as the source of the information.