Would you tell me whether I am right with my interpretation of the expression in bold in the following sentence?

A war in Afghanistan, now in its ninth year, which is not going well, a tense situation in the Middle East with US-sponsored negotiations between Israelis and Palestinians always on the verge of collapse, Iran’s alleged efforts to acquire nuclear weapons still unresolved and North Korea in the middle of a leadership handover.

handover = transfer (of authority, businesses, property , leadership etc.)
handover = the act of relinquishing property or authority etc. to another; as, the handover of occupied territory to the original possessors; the handover of power from the military back to the civilian authorities.

Thanks for your efforts.