US-Iran Escalation: Fresh U.S. strikes on Iran and Tehran’s retaliation against Gulf states (including Bahrain, Kuwait and Qatar) have reignited fears that a fragile interim deal is slipping, with sirens and missile attacks raising the risk of wider regional conflict and disruption to Strait of Hormuz shipping. IMF Global Outlook: The IMF cut its 2026 world growth forecast to 3.0%, warning that Middle East war risks and higher oil-linked inflation could keep the global economy on edge. Energy/Trade Watch: IEA-IMF-World Bank-WTO leaders said the conflict has so far left the global economy “broadly resilient,” but energy, food security and trade risks remain uneven and could worsen. Philippines Offshore Wind: The Philippines suspended its 3.3GW GEA-5 offshore wind auction to recalibrate timelines and requirements, citing port readiness, permitting, costs and possible supply-chain shocks tied to Middle East tensions. NATO in Türkiye: Türkiye hosted NATO’s 36th summit in Ankara, spotlighting its strategic role as leaders discussed defense cooperation and potential steps on F-35/F-16 and sanctions. Gulf Business: Damac said it will hand over 8,800 homes in Dubai in 2026, while BB Energy closed a $272.5m 1-year revolving credit facility.