US-Iran Escalation: The US launched new airstrikes on Iran and Tehran retaliated by targeting US-allied Gulf states, with sirens reported in Bahrain and missiles hitting Kuwait and Qatar, threatening an interim ceasefire meant to stabilize the Strait of Hormuz. Hormuz Pressure on Energy: Markets are again pricing supply disruption as the US reinstates a blockade of Iranian ports and floats a 20% transit fee for “safe passage,” while analysts warn Iran can still disrupt tanker traffic with drones and missiles. Regional Security & Diplomacy: Gulf states have reactivated air defences across the region after renewed attacks, and the wider conflict is reshaping risk for shipping, aviation, and regional stability. Economic Spillovers: Oil-driven volatility is hitting currencies and stocks, including India’s rupee sliding to a one-month low on higher crude, and European equities slipping as energy and rate fears return. Horn of Africa Power Play: A new analysis highlights how Egypt, Turkey, Saudi Arabia, and the UAE are deepening military and port ties in Somalia, turning the Horn into a key extension of Middle East strategy. Aviation Disruptions: Airlines continue to reroute or suspend flights linked to the security situation, including extended flight bans affecting Dubai routes. Local Human Impact: The Philippines says over 10,000 OFWs and dependents have been repatriated from conflict-affected areas amid the renewed Middle East tensions.