Gulf Security Escalation: The US launched fresh strikes on Iran, with Tehran retaliating by targeting US bases in Bahrain, Kuwait and Jordan, while Bahrain reported drone debris injuring an 11-year-old and damaging homes and vehicles. Maritime Tensions: India confirmed three Indian sailors dead after a US “precision” strike on the Palau-flagged tanker MT Settebello off Oman; New Delhi also summoned the US chargé d’affaires and is monitoring a new vessel incident near Oman’s Shinas port as another fire case unfolds. Aviation Disruptions: Kuwait reopened airspace after a precautionary shutdown; Kuwait Airways and Jazeera Airways resumed flights, while AirAsia X postponed its Bahrain launch to at least August/September. Energy & Trade: Saudi Aramco’s July crude supply to China is set to stay at record lows as Chinese refiners avoid high-priced barrels; China’s energy chief met Aramco in Beijing. Oman Development: Oman launched an International Financial Centre and moved ahead with new EV insurance rules requiring insurers to allocate a minimum share of motor underwriting to EVs by end-2026. Regional Diplomacy: Saudi Arabia lifted its five-year ban on Lebanese imports, signaling a thaw in Gulf-Lebanon ties. Business & Society: Qatar set a new private-school fee policy with an 18-month notice before increases, and Oman’s IFC Oman unveiled a framework to attract cross-border investors.