US-Iran Escalation: The US launched its eighth straight night of strikes on Iran after two American service members were killed in a Jordan base attack, targeting IRGC-linked sites and infrastructure; Iran retaliated with drones and missiles hitting Gulf allies, while Kuwait reported desalination and power hits and Bahrain sounded air-raid alerts. Oil & Shipping Shock: Renewed Strait of Hormuz disruption is pushing crude higher again, with knock-on risks for regional fuel prices and global inflation. Humanitarian Fallout: In northern Nigeria, the Iran-war-driven spike in petrol and food costs is driving children back into malnutrition and deepening poverty. Local Economy Winners: Cairo’s “Garbage City” recyclers are seeing demand surge as manufacturers seek locally recycled plastic inputs amid shipping disruptions. Egypt Markets: Gold in Egypt fell 0.5% over the week as the stronger dollar and higher US yields pressured global prices, though local demand held up. Türkiye Trade & Industry: Türkiye’s ice cream exports hit $23.5m in four months, while DEİK urged Türkiye to partner with the EU on green and digital transformation. Business & Policy: Bajel Projects incorporated a UAE subsidiary to expand EPC contracting for power and electrical infrastructure; Egypt’s growth outlook stayed resilient in a Reuters poll even as inflation forecasts rose. Regional Diplomacy: Iraq is studying a Basra–Kirkuk pipeline to Turkey/Syria to reduce Hormuz dependence, while Afghanistan pushed India for easier visas and fewer business hurdles. Security & Governance: Iran’s internal power struggle is intensifying amid ceasefire pressure, and Israel’s regulator warned reforms are lagging as markets move fast.