Strait of Hormuz Flashpoint: The US and Iran traded strikes again after Washington said an Iranian drone hit a cargo ship near Oman, with CENTCOM targeting missile/drone storage and coastal radar sites and Iran’s IRGC vowing retaliation after US attacks on Sirik. Ceasefire Under Strain: The renewed violence puts fresh pressure on the interim US-Iran MoU framework, as both sides accuse the other of “foolish” or “unwarranted” ceasefire violations while diplomats scramble to keep the corridor open. Energy Markets: European gas prices edged up as Hormuz tensions returned, while oil volatility and shipping uncertainty kept traders nervous. Trade & Customs: Iran and Oman agreed to set up a joint customs committee, while Iran’s central bank rejected US claims of shortages, saying $3.7bn was allocated for essential imports. Iran Oil to India: NIOC reportedly offered discounted crude to Indian refiners, but analysts say limited capacity and payment/banking constraints will cap new buying. Banking Stress at Home: Iranian media reports recurring bank card and mobile banking outages, with disruptions affecting major lenders. World Cup Business & Culture: Seattle’s “Pride Match” between Iran and Egypt drew global attention amid political pushback, ending 1-1 after a VAR offside call.