Hormuz Shipping & Energy Risk: US and Iran traded strikes again around the Strait of Hormuz, with Iran pushing for lasting leverage as Gulf states expand alternative routes—raising fresh uncertainty for oil flows and shipping economics. Regional Diplomacy & Trade: Gulf countries are also negotiating their own “new normal” with Iran, including how navigation would work and whether any financial incentives could replace toll fears. Qatar-Türkiye Tech & Connectivity: Es’hailSat signed with Türksat and Thales Alenia Space for the Es’hail-3/Türksat-Biruni high-throughput satellite, aiming to boost secure connectivity across MENA, Europe and maritime regions. Saudi Business Cooperation: Qatar Chamber took part in Arab-Belgian-Luxembourg Chamber meetings in Brussels, focusing on bridging Arab and European private sectors and partnership building. Türkiye Labor & Trade: Türkiye’s unemployment held at 8.2% in May, while the foreign trade deficit narrowed 15.6% as imports fell faster than exports. Saudi AI Infrastructure: Magna AI and Emaar Executive Company agreed to develop sovereign AI data centers in Saudi Arabia, with potential expansion across MENA. Egypt Tourism Real Estate: NAIA Developments plans the first Swissôtel Residences branded serviced residences at Ras El Hekma, targeting 2026 handovers and higher-end coastal demand. UK Markets & Economy: UK’s FTSE 100 edged up on Middle East ceasefire optimism, while GDP grew 0.6% in Q1 but households still felt squeezed. Israel-Lebanon Deal Doubts: Analysts warn the Israel-Lebanon framework could entrench stalemate, since Hezbollah disarmament is seen as unrealistic. Pakistan UN Pushback: Pakistan rejected Israel’s E1 settlement plan at the UN, calling it a threat to Palestinian territorial viability.