Hormuz Talks Delayed: Oman postponed a planned Iran-Gulf meeting on navigation through the Strait of Hormuz, citing the need to create conditions for “constructive dialogue,” as the blockade risk keeps oil above $100. Iran-UAE “Turn the Page”: Iran’s president said Tehran and Abu Dhabi agreed to reset ties after a meeting on BRICS sidelines, despite the wider Middle East war. Saudi Supply Shock: Drone damage to Saudi Arabia’s east-west pipeline has raised fears of up to 4% of global supply at risk; Saudi buyers say exports could run short in days unless repairs resume quickly. Yemen Escalation: Fresh Houthi attacks hit Saudi oil infrastructure and shipping in the Red Sea/Bab al-Mandeb area, while Yemen displacement and fighting intensify. Markets Take Another Hit: Seoul stocks fell sharply as investors weighed Middle East uncertainty and AI-related warnings; oil-driven inflation fears ripple into regional risk sentiment. Energy Spillover: Trump urged Ukraine to stop targeting Russian diesel, warning it worsens global fuel shortages, as diesel prices hit record highs. BRICS Pressure for Restraint: Iran and the UAE backed BRICS calls for “maximum restraint” in the Middle East, linking security concerns to trade and energy stability. Travel Disruptions: Flights between India and the UAE saw delays of more than 12 hours, though UAE carriers kept near-full operations.