Strait of Hormuz Shockwaves: Iran announced a full closure of the Strait of Hormuz after U.S. airstrikes, warning of major global energy disruption as shipping halts and insurers tighten. Deal Signals, Slow Recovery: A U.S.-Iran framework to end the war and reopen Hormuz sent oil prices lower, but Gulf producers and refiners are expected to ramp back only over weeks or months, not overnight. Shipping Safety Focus: Allies are discussing a demining and escort-style mission to reassure crews and insurers, aiming to restart navigation safely. Bahrain SME Rules: Bahrain’s Chamber of Commerce and Industry welcomed Ministerial Decision No. 23 of 2026 updating MSME classification using turnover and staff size, helping firms access better-targeted support. Construction & Retail: Seef Properties awarded main works for the Seef Mall redevelopment to Mohammed Jalal Contracting, including new dining spaces and expanded entertainment areas. Finance Sector Link: Singapore Gulf Bank joined the Bahrain Association of Banks, boosting cross-Asia and Gulf connectivity. Islamic Finance Standardisation: IIFM unveiled standardised syndicated lending rules for Ijarah and Murabahah to cut costs and speed cross-border deals.