Hormuz Standoff Escalates: Iran says the Strait of Hormuz won’t reopen until the US “corrects its behavior,” demanding an end to the war, sanctions relief, lifting the naval blockade, withdrawal of US forces, release of frozen assets, and full compensation for war damage—while Oman talks are described as nearing final stages. US Blockade Pressure: CENTCOM says it has redirected 55 commercial vessels, disabled 2, and boarded 2 as it enforces the blockade, even as humanitarian ships are allowed through. Oil Market Jitters: Oil prices stay supported above $80 as traders weigh whether any “reopening” deal will restore normal traffic or just new lanes under Iranian conditions. Trump Pivots to Economics: Trump tells Axios the US is “low-keying” Iran and “semi-negotiating,” relying on economic pressure rather than new strikes for now. Iran Security Shake-Up: Iran appoints Mohsen Rezaei to lead the Supreme Security Council, with Mojtaba Khamenei releasing a rare video amid health rumors. Egypt Investment Push: Qatari Diar launches Phase 1 of the $29.7bn Alam Al Roum development on Egypt’s North Coast. Regional Business & Mobility: Jazeera Airways adds more Egypt routes from Kuwait, while Mactan-Cebu Airport expands international flights (Philippines). Gaza Diplomacy Friction: Netanyahu rejects Trump’s Gaza roadmap, insisting withdrawals won’t happen until Hamas is fully disarmed.