Energy & Shipping Shock: Iran’s Persian Gulf Strait Authority says it has fully closed the Strait of Hormuz to all shipping after U.S. airstrikes, a move that could disrupt the corridor carrying about a fifth of global oil and send prices sharply higher while insurers and carriers adjust operations. Diplomacy Watch: Kuwait’s Cabinet welcomed a US-Iran framework for an immediate halt to military operations and freedom of navigation, with a signing ceremony set for Friday in Geneva. Bahrain Policy & Industry Zones: Bahrain’s development projects committee praised King Hamad’s ratification of Law (25) of 2026 on industrial zones and Law (29) of 2026 on agricultural banks, saying the updates strengthen the economic framework. Logistics in the Region: GWC launched a Doha air-to-land logistics corridor using TIR-certified sealed transport across GCC markets including Bahrain. GCC Outlook: ICAEW and Oxford Economics forecast GCC growth of 8.1% in 2027 after a 2.4% contraction in 2026, with oil output hit hardest. Bahrain Construction Bids: Bahrain received 7 bids for an approach channel deepening feasibility study, signaling next steps for port and maritime capacity. Fit-Out & Retail Development: Havelock One won front-of-house fit-out work for The Avenues–Khobar in Saudi Arabia, with LEED v4 Gold precertification. Media Rights: beIN renewed Wimbledon exclusive broadcast rights across MENA through 2030.