Strait of Hormuz Flashpoint: Iran reportedly attacked a Singapore-flagged cargo ship near Oman days after the US-Iran MoU, prompting the UN to pause evacuation/escort efforts and raising fresh risk for oil flows and shipping costs. Gulf Diplomacy: US Secretary of State Marco Rubio told GCC allies any Iran deal must protect regional security and warned that allowing Tehran to charge fees for using international waterways would mean “total chaos.” Shipping Rules & Costs: Iran’s new mandate for ships to coordinate via Channel 16 adds operational friction for traders and insurers, while reports say Hormuz traffic is rising but uncertainty remains. India Energy Stakes: India is quietly recalibrating—seeking cooperation with Iran’s oil ministry while watching how clause-by-clause disputes could affect Chabahar and crude access. Markets: Goldman Sachs upgraded India’s 2026 growth outlook after the US-Iran peace deal as oil eased; meanwhile, crude prices slid back toward pre-war levels. Domestic Iran Pressure: Summer heat is worsening daily power and water cuts in multiple cities, hitting household reliability and business continuity. Crypto Compliance: CoinEx denied WSJ claims of Iran-linked sanction evasion, saying it has tightened compliance and had its domain blocked in Iran since 2021.