Hormuz Tolls Debate: Qatar opposes permanent shipping tolls in the Strait of Hormuz, saying fees would raise costs for global buyers, but calls short-term, security-linked charges “negotiable.” US-Iran Pressure: The US announced fresh sanctions on Iran’s oil and petrochemical networks while warning it is “more than capable” of resuming war if talks fail. Iran’s Control Claim: Iran says it fully manages Hormuz and requires vessels to follow IRGC-linked rules and navigation channels. Lebanon Escalation: Lebanon’s PM accused Israel of a “scorched earth” approach after new strikes and evacuation orders in the south, as US-mediated talks are set for early June. Gold and Inflation Watch: Gold ended May down about 1.7% amid Middle East-driven volatility and Fed uncertainty; India’s finance ministry warns Hormuz disruption could lift retail inflation via fuel, transport, and food costs. Tourism and Travel: Jordan says low-cost airlines resume July 1 to boost arrivals after regional disruptions; UK travel coverage flags possible cancellations and higher costs tied to Hormuz and route changes. Energy Ripple Effects: Japan reports petroleum-linked shortages spreading beyond distribution issues, with Hormuz-linked supply disruptions cited. Cybersecurity Shift: A Middle East expert says cybercrime is increasingly psychological, exploiting human behavior rather than just software flaws.