The US’ and Israel’s attack on Iran has driven oil prices above $100 a barrel. Energy analysts expect prices to remain high for weeks, if not months. Iran has retaliated by attacking countries in the region hosting US military facilities and critical infrastructure, and it has effectively closed the Strait of Hormuz. Meanwhile, the Ukraine war continues, and conflict has flared between Pakistan and Afghanistan. This comes on the heels of more tariff turmoil and ongoing pressure to harness AI. In this report, we evaluate geopolitical instability with a technology lens and detail the actions security, risk, and tech leaders need to take to manage cost pressures, stay resilient, reduce risk, and lead their employees.