US-Iran Deal Momentum: The US says a framework is close to ending the war and reopening the Strait of Hormuz, with Iran reportedly prepared to discuss surrendering highly enriched uranium and the US to lift parts of its blockade—yet Trump insists the blockade stays “in full force and effect” until a final, signed, certified deal, and he warns “don’t rush.” Nuclear Sticking Point: Iran’s president says no decision is made without Supreme Leader approval, while lawmakers in Washington are split on whether the reported terms amount to a real shift or just a return to the pre-war status quo. Energy Shock Fallout: Markets are watching for relief in oil and shipping, but analysts warn the cost shock from Hormuz disruption spreads beyond fuel into freight, fertiliser and everyday prices. GCC Unity & Regional Integration: The GCC marks 45 years of integration, underscoring how regional coordination is increasingly tied to security and trade. Saudi Tech/Defense: Saudi Arabia is first to integrate the European IRIS-T missile on its F-15SA fleet, signaling a push for broader air-to-air options.
