Aviation Sanctions Hit the Region: Iraq’s Kurdistan airports (Erbil and Al-Sulaymaniyah) suspended all flights to Iran, joining a wider shutdown across Iraqi airports after US Treasury pressure on Iran-linked aviation services. Strait of Hormuz Deal Talks: Iran says it has submitted a seven-day plan to reopen Hormuz via intermediaries, with conditions including ending hostilities and lifting the US blockade and sanctions relief; US-Iran negotiators are exploring a phased roadmap in New York. Oil & Markets React: Brent and WTI slipped as ceasefire hopes competed with renewed Saudi security risks, while European and UK equities edged higher on diplomacy optimism. US Domestic Politics Adds Noise: US Senate votes failed to curb Trump’s Iran war powers, even as gas prices and public frustration rise. Cost-of-Living Pressure: Diesel prices in the UK are nearing record highs amid war-driven fuel stress, and US business groups warned against any diesel export ban that could worsen supply and costs. Regional Trade Bottlenecks: Truck queues at the Türkiye-Iran border show how Iran is shifting trade overland as maritime routes face disruption. Diplomacy Pressure from Egypt/UN: Egypt urged US-Iran talks and de-escalation in Hormuz and Bab el-Mandeb, while 80 states condemned Iran and Houthi attacks over navigation and energy security.