Middle East Conflict & Energy Markets: The US and Iran traded fresh strikes as fighting around the Strait of Hormuz intensified, pushing Brent and WTI higher and reviving inflation fears; the dollar held firm on safe-haven demand while global stocks slid and bond yields climbed. Regional Security: Iran’s IRGC claimed it hit a US base in Jordan with ballistic missiles, while the US said it struck IRGC targets and warned of further action if Tehran retaliates. Human Impact: US air strikes hit a wedding in southern Iran, killing four including a child, as more explosions were reported across Hormuz-linked areas. Iran Economy & Sanctions: Iran’s central bank governor said the economy can withstand US sanctions and that reserves are sufficient, as Washington’s “Operation Economic Outcast” targets Iran’s financial links. China-Egypt Business Pivot: Xi Jinping’s rare visit to Egypt is set to deepen deals and navigate US sanctions risk tied to Iran links. Islamic Finance: IILM reissued $1.353bn short-term sukuk, oversubscribed 2.43 times, signaling steady demand for cross-border liquidity. Digital Policy: Ooredoo, UNDP and Doha Institute convened Arab digital and AI policy leaders in Doha to accelerate implementation. Corporate/Workplace: Cisco faced an EEOC finding over a hostile environment for Muslim and Arab employees, adding pressure on tech firms’ compliance and HR practices. Shipping Risk: Turkish shipping firms suspended services to Russian ports due to heightened danger, underscoring how conflict risk is reshaping trade routes.