Middle East Escalation: Explosions and a drone crash near the U.S.-hosted Erbil base in northern Iraq triggered temporary flight disruptions as Iran-U.S. strikes entered a 13th night, with Iran also claiming new drone attacks on U.S. facilities in Bahrain, Jordan and Kuwait. Energy Shock & Markets: Oil surged back above $100 a barrel on renewed Middle East supply fears, feeding inflation worries and rattling global stocks; copper edged up while investors weighed growth risks. US-Iran Politics: In Washington, Congress advanced competing war-powers moves, with the House again urging an end to the Iran war while the Senate fell short of a binding halt. Finance Fallout in Palestine: Israeli banks Hapoalim and Discount plan to cut correspondent banking links with Palestinian banks, raising fears for payments and trade. Regional Diplomacy: China and ASEAN called for a lasting Middle East settlement and deeper energy cooperation, warning the region’s heavy Middle East oil dependence leaves it exposed. Trade Pressure: New U.S. forced-labor tariffs hit dozens of partners, adding strain for exporters and SMEs across the region. Business & Infrastructure: SLB reported solid Q2 results and is positioning for AI data-center demand and Hormuz-related opportunities; Djibouti’s Tadjourah Port gets a modernization MoU with Tiryaki Agro.