US-Iran Lebanon Ceasefire Clash: Iran says the US ceasefire covers “all fronts, including Lebanon,” warning violations will be met, as Israel orders renewed strikes in Beirut and Trump claims Israel and Hezbollah agreed to halt attacks while Iran-US talks continue. Oil & Markets Shock: Reports of Iran suspending indirect talks and threatening a full Strait of Hormuz closure sent crude up 6–7% (near $100/bbl) before some pullback after Trump said negotiations were still moving; equities also swung as investors priced higher energy costs. Hormuz Shipping Disruption: Even with a “lane” guided by US forces, traffic remains far below pre-war levels, with more ships rerouting and turning off tracking systems amid intensifying fighting. France Blocks Israel at Eurosatory: France barred Israeli government officials and limited Israeli defense firms to air-defense only, escalating political friction just as the arms fair approaches. Turkey Business & Legal Climate: A US appeals panel upheld Turkish steel duty challenges, while Turkey’s crackdown on corporate criticism and ongoing regional defense ambitions keep attention on the investment climate. Regional Economy Signals: Arabian Cement reported a 59.7% YoY jump in Q1 2026 consolidated profits; Turkey’s Q1 GDP growth held at 2.5% as markets weigh the Iran-driven cost and supply shock.