Leading Duty of Care and Security Firm Offers Insight into the Threats Facing Corporations and Travelers
Leading Duty of Care and Security Firm Offers Insight into the Threats Facing Corporations and Travelers
"There is a real chance for conflict in the region if the talks fail to produce forward progress. That said, it is a limited conflict. Air strikes on key Iranian nuclear facilities, attacking regional proxies and government structures, are the most likely targets."
In Newsweek, Global Guardian Vice President of Client Risk Management Seth Krummrich provided perspective on U.S. demands on Iran's nuclear program, which are hardening ahead of renewed talks.
In Global Guardian's monthly Risk Barometer, our Intelligence Team highlights current global hotspots with the potential to impact your business operations and travel. Read below for analysis on the threats we are closely monitoring this month and click here to subscribe for regular intelligence updates.
On 12 March 2025, U.S. President Donald Trump sent a letter to Iran’s Supreme Leader setting a two-month deadline for negotiating a new nuclear deal. In the following weeks, the U.S. deployed strategic military assets to the Middle East as both nations exchanged threats of military action. Diplomatic talks are scheduled to begin on 12 April 2025 in Oman. If diplomacy collapses, military escalation could endanger regional assets and personnel while triggering a global energy price shock.
On 04 February 2025, U.S. President Donald Trump signed a National Security Presidential Memorandum (NSPM), renewing a maximum pressure campaign on Iran. The NSPM directs U.S. policy to deny Iran a path to a nuclear weapon and was reflected in President Trump’s 19 March 2025 remark: “There’s two ways to stopping them: With bombs or a written piece of paper.” In a 04 March 2025 joint statement to the International Atomic Energy Agency (IAEA) Board of Governors, France, Germany, and the United Kingdom stated that Iran’s increase in 60 percent U-235 material is “beyond any credible civilian use.” The U.S. government has since enacted four rounds of sanctions on Iran’s oil exports, several Iranian arms entities, and Iranian intelligence officers, among others. Iran’s rial currency has hit record lows as a result.
On 15 March 2025, the U.S. initiated an air and sea campaign on the Iran-backed Ansarallah (Houthi movement) to end the Houthis' 17-month Red Sea shipping embargo, which included over 190 attacks on commercial vessels. On 06 April 2025, reports revealed that Yemen’s internationally recognized government is now preparing to mount a ground offensive against the Houthis to retake the Red Sea port of Hodeidah.
On the ground, a major build-up of U.S. forces in the region is underway. Since March 25, 2025, approximately 120 U.S. military logistics flights have arrived in the region. To date, one-third of America’s THAAD anti-air batteries and B-2 stealth bomber fleet are now in-theater. The Harry S. Truman Carrier Strike Group (CSG) is in the Red Sea, and a second aircraft CSG will be arriving in the Middle East in the next week. The stage is set for a high-stakes game to compel Iran into complete, permanent, and verifiable disarmament.
Nuclear weapons programs contain three elements: fuel (uranium enrichment or plutonium reprocessing), weaponization (integration of a fissile core, trigger mechanism, and explosives), and delivery systems.
As of today, Iran has sufficient stockpiles of 60 percent highly enriched uranium—95-99% of the effort to create “weapons grade” uranium—to produce seven crude nuclear devices and could do so in little over a week, per former CIA director William Burns. Iran’s large stockpile of medium range ballistic missiles (MRBMs) already features many missiles capable of delivering nuclear warheads, and its successful launches of space-launch vehicles indicate that Iran is inching closer to being able to field an intercontinental ballistic missile (ICBM).
Weaponization remains the missing component. The U.S. intelligence community currently assesses that Iran’s Supreme Leader has yet to direct the government to weaponize its nuclear program, though it also has cautioned that Iranian scientists have been conducting computer modeling and metallurgy experiments to fast-track weaponization.
Estimates vary on the timeline for a functioning nuclear weapon: from a few months for a crude demonstration device to 18 months for a deployable nuclear missile.
Thus, containing Iran’s nuclear program presents a paradox to policymakers in Washington, Brussels, and Jerusalem:
The basic premise of the 2015 Iran nuclear deal was to keep Iran 12 months away from being able to produce enough fuel for a bomb—a temporal buffer that no longer exists. With the knowledge it has gained and with the UN Security Council snapback sanctions set to expire on 18 October 2025, time is scarce. A total denuclearization agreement is the only framework that could effectively block Iran’s path to the bomb. Israel would view a weaker “less-for-less” deal as an existential threat that could prompt a strike, especially if its window for action closes via:
The situation hinges on the outcome of diplomacy and the internal redlines of President Trump and Ayatollah Khamenei.
Iran is likely to stall, but how the U.S. will react remains unclear. The current moment presents the best opportunity yet to compel a comprehensive nuclear agreement:
France, Germany, and the UK—the remaining signatories of the 2015 Joint Comprehensive Plan of Action (JCPOA)—now appear ready to trigger snapback sanctions, which would automatically reimpose broad and enforceable UN sanctions. However, transatlantic geoeconomic tensions remain a complicating factor.
Given the influence of regime hardliners amid secession planning and the near-impossibility of ratifying a treaty in Congress, it is difficult to imagine Iran accepting a deal that strips it of its few remaining self-defense tools—particularly in light of Libya’s fate following disarmament.
If diplomacy fails, military conflict becomes likely. A U.S. and/or Israeli strike is unlikely to be a “one-off.” Iran’s nuclear and missile infrastructure is geographically dispersed and the Fordow, Natanz, and Isfahan sites are hardened and or buried underground or within mountains. Any strike would likely evolve into a sustained, multifaceted campaign involving direct military action, covert operations, and economic and information warfare. Follow-on efforts will be needed to delay Iran’s capacity to rebuild its nuclear program and retaliate against Gulf Arab states and Israel.
Iran is expected to respond proportionally, targeting the origin of the attack and attempting to manage escalation. However, since Iranian decision-makers understand that the U.S. and Israel enjoy escalation dominance, a tail risk remains that a cornered Iranian regime, fearing collapse, opts to employ all available offensive tools to include terrorism, blocking the Strait of Hormuz, or using its missile arsenal, before it potentially loses them.
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On 15 March 2025, over 325,000 demonstrators marched in Belgrade, making it the largest protest in Serbian history. The protest movement was sparked by the controversy surrounding the 01 November 2024 partial collapse of a train station canopy in Novi Sad, Serbia’s second-largest city, that killed 16 people. Scrutiny of the station’s construction and student-led calls for accountability quickly evolved into a broader anti-government movement, with President Aleksandar Vučić’s government entrenching its position. Security forces and counter-protesters have confronted demonstrators with violence, including the use of sonic weapons. Pro-government media has portrayed the protests as a foreign-backed color revolution, setting the stage for a likely escalation in tensions.
Nearly six months after the Novi Sad canopy collapse, student-led protests continue to gain momentum. Students have occupied faculties at Serbia’s major universities, establishing strongholds in Belgrade, Novi Sad, Kragujevac, and Niš. Protesters are holding 15-minute “Serbia Stop” demonstrations daily, silently blocking intersections from 11:52 a.m. to 12:08 p.m. to mark the time of the collapse.
Students have drawn support from education workers, trade unions, professional associations, farmers, lawyers, healthcare workers, and students from neighboring Bosnia, Croatia, and Kosovo.
Authorities have responded with heavy-handed tactics. Football hooligans affiliated with the ruling Serbian Progressive Party (SNS) have also assaulted protesters. Counter-protesters drove vehicles through crowds on 16 January 2025, 24 January 2025, and 31 January 2025. Under pressure, authorities prosecuted two of the drivers. Serbian police have also likely deployed Long-Range Acoustic Devices (LRADs), marking the most high-profile use of the technology against civilians since its development.
Protesters have issued four demands:
The ruling SNS party has held power since 2017. President Vučić has maintained control by consolidating media, invoking nationalist sentiment, and leveraging Serbia’s intelligence services alongside organized criminal elements to suppress dissent.
While past protest movements eventually faded under government pressure, the scale and structure of the current demonstrations suggest a shift. Protesters organize through in-person cadres based on university faculties. These cadres meet to decide on actions, often beginning at university hubs and then moving to major commercial areas, official buildings, and transit points.
Unlike previous waves, this movement includes a broader support base, drawing in Albanian Kosovar, Bosnian, Croat, and Macedonian students. Despite the government’s efforts to delegitimize the protests, public support continues to rise.
The Novi Sad collapse tapped into widespread anti-government and pro-democracy sentiment. The government cannot end the unrest without dramatically hardening or softening its approach.
Hardening Scenario:
Softening Scenario:
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“We’ve also seen in some cases that some cartels have forced their way in through threat of violence and coercion into piggybacking onto these companies’ distribution networks to transport their drugs or human trafficking or whatever the case may be."
In an article for Border Report, Global Guardian's Director of Intelligence, Michael Ballard, provided analysis on cartels in Mexico may be targeting U.S. firms and their partners with with the threat of extortion, hijacking of trucks, and other criminal activities.
"They basically hide cocaine, heroin, meth, fentanyl in shipments that have been pre-cleared by U.S. Customs. It's an easy way to get their product across the border."
In an article for The Latin Times, Global Guardian Director of Intelligence Michael Ballard gave additional context into the recently released Worldwide Threat Assessment, with insight as to how American companies operating in Mexico are facing mounting threats from cartels.
"The world watched as this hurricane came through and there was not one weather-tracked pattern or warning that ever said Asheville, North Carolina is going to be in the damage zone."
In a podcast appearance for Security Management, Global Guardian CEO Dale Buckner discussed the organization's response to the 2024 hurricane that unexpectedly swept through North Carolina, and how businesses can prepare for such surprising outcomes.
“Is it counterproductive for the cartels to be doing this? It depends on how much pressure the U.S. places on them."
In an article for Border Report, Global Guardian's Director of Intelligence, Michael Ballard, provided analysis on how advances in drone technology may be helping Mexican cartels gain an advantage against U.S. border patrol agents.
"This level of state influence and the dual-use nature of the technology raise concerns, particularly when considering security vulnerabilities."
In Security Management, Global Guardian intelligence analyst Joe Chafetz was interviewed regarding the use of drones in an increasingly wider array of areas, including corporate espionage, as part of a larger analysis of global threats.
At least one building collapsed in Bangkok, Thailand on 28 March after a 7.7 magnitude earthquake struck near Myanmar's Sagaing. Rescue operations were underway at the 30-story under-construction building site where more than 80 people remain trapped. Three people reportedly died in the collapse. In Myanmar, the earthquake has reportedly caused widespread damage, including the collapse of the air traffic control tower at Naypyidaw Airport. However, internet disruptions make verification difficult. At least six regions, including the capital Naypyidaw, are under a state of emergency. Global Guardian is currently conducting emergency response operations, including evacuations, wellness checks, and food and water delivery.
“That’s what’s really changed in this post-COVID world. The definition of duty of care, going back to the word ‘care,’ now requires more physical or kinetic responses. No longer is it just pre-travel intel and an app alert and focused on medical.”
In an article for Security Management, Global Guardian CEO Dale Buckner discussed how duty of care and corporate security has evolved post-COVID-19. He highlights the shift from a primarily preventative approach to one that now demands a physical response to crises, emphasizing that true duty of care requires direct, on-the-ground support in an increasingly complex global landscape.
