US-Iran Sanctions Escalation: Washington imposed fresh sanctions on firms, vessels and individuals tied to Iran’s “shadow oil economy,” targeting oil and petrochemical exports and warning global traders of risks. Ceasefire Deal Watch: Markets stayed volatile but leaned risk-on as US and Iran negotiators edged toward a 60-day ceasefire extension, with shipping through the Strait of Hormuz reportedly set to be eased pending Trump approval. Energy & Markets: Oil prices slid on de-escalation hopes while Asian and US stocks hit or neared records; gold also firmed as investors weighed inflation and rate expectations. Euro Zone Consumer Shock: ECB research warned the Iran war could deepen and speed up “double scar” effects on euro zone consumers, reigniting inflation anxiety. Shipping in the Crossfire: Russia struck a Turkish-owned cargo ship departing Odesa, injuring crew, adding to disruption fears for Black Sea trade routes. Saudi Payments Push: Dinero Pay expanded payment infrastructure in Saudi Arabia, adding faster digital checkout and local wallet/BNPL support. Middle East Cost Pressure on Retail: A retailer executive warned businesses that raise prices in a high-cost environment risk going broke, as fuel and logistics expenses bite. Turkey Trade & Industry: Turkish apparel exporters are shifting toward Eastern Europe as EU demand softens, while Italy’s textile machinery firms eye Turkmenistan growth.