US-Iran Escalation and Ceasefire Doubts: The U.S. and Iran traded strikes for a second day, with Iran saying the ceasefire is “meaningless” after attacks, while the Strait of Hormuz remains central to the crisis and global energy prices. Diplomacy via Pakistan: Pakistan’s PM Shehbaz Sharif says Washington and Tehran have agreed “final” wording for a peace framework, with mediators working on next steps to reopen Hormuz and ease sanctions—though details remain disputed. Global Economic Hit: The World Bank warns Middle East tensions are pushing global growth to a 2020s low, lifting energy and food costs and raising inflation risks if Hormuz disruptions worsen. Food Insecurity Fears: The World Food Programme says the Iran war could drive tens of millions into severe food insecurity, as trade and fuel costs ripple outward. Regional Security After War: Analysts say Gulf states will need new collective security plans once the conflict ends, given the risk of renewed targeting of bases and shipping routes. Pakistan Budget Under Pressure: Pakistan unveiled an 18.77tr rupee budget with higher defence spending and tax targets, as citizens complain inflation tied to the Middle East war is squeezing daily life. UAE Financial Inclusion Push: The CBUAE and World Bank signed a deal to expand financial inclusion, literacy, consumer protection, and dispute resolution. Egypt Power Deal: Korra Energi’s consortium won $58m contracts to build major transmission lines linking Gulf of Suez wind power to Egypt’s grid. Tourism Spotlight: Egypt’s new Grand Egyptian Museum is drawing millions and is being promoted as a top modern tourism draw.