US-Iran Ceasefire Framework: Trump and Iran’s Pezeshkian signed a 14-point MoU at Versailles after the G7, calling for an immediate and permanent halt to military operations, reopening the Strait of Hormuz, and starting 60 days of talks on Iran’s nuclear programme; Washington also moves to lift parts of oil sanctions and unblock maritime transit “with no charge,” while markets react with oil sliding and Asian stocks hitting fresh highs. Energy & Markets: Brent and WTI fell sharply as traders priced in easier crude flows, but Trump warned the deal isn’t final and could bring renewed strikes if Iran fails to comply. Nuclear Sticking Point: Iran agreed to dilute enriched uranium and place stockpiles under UN supervision, yet the toughest issues on nuclear and sanctions relief are deferred to the negotiation window. Regional Diplomacy: Qatar and Pakistan are highlighted as key mediators, while Israel faces criticism at home for being sidelined and for concerns over Lebanon. Egypt Business Reform: Egypt’s finance minister unveiled a simplified tax system for startups under Startup Egypt, aiming to make rules more predictable for smaller ventures. UAE Finance Education: UAE Lottery and SmartLife Foundation rolled out financial literacy workshops for workers to improve money management and stability. GCC Connectivity: Kuwait praised planned GCC rail links as a logistics boost for regional economic ties. Egypt Food Prices: Egypt’s basic commodities and vegetables saw mixed moves on June 17, with rice, flour, sugar and sunflower oil rising or falling modestly and tomatoes down.