Gulf Security & Shipping: Iran fired ballistic missiles and drones toward Bahrain and Kuwait, with Bahrain reporting interceptions and urging Tehran to halt attacks that test a fragile ceasefire; the wider standoff keeps the Strait of Hormuz under pressure, with CENTCOM also reporting drone threats and strikes on radar sites. Frozen Assets for Reconstruction: The US is weighing redirecting frozen Iranian assets to help Gulf allies pay for repairs and damages, while Iran rejects the idea of reparations and says its assets are not a “payment fund.” Business Resilience in Bahrain: Local firms are restructuring supply chains and updating business continuity plans as logistics bottlenecks, higher costs, and project delays bite—moving away from single-source procurement toward more diversified, localized options. Energy Market Volatility: Oil prices jumped on renewed escalation, while analysts warn that even if a deal is reached, hurdles could delay normal oil flows. Tourism & Retail Demand: Bahrain businesses are preparing for a World Cup-driven customer surge, with hotels, cafés, and retailers expecting higher bookings and merchandise demand. Digital Government Service: Bahrain’s municipal authorities upgraded online camping security-fee deposits, cutting processing to an instant automated flow via the “Khaym” initiative.