Iran Sanctions Shock: The US is set to unveil “economic D-Day” sanctions on Iran, with Treasury Secretary Scott Bessent warning it’s the “single greatest financial offensive ever” and threatening penalties for countries and entities that keep doing business with Tehran—while Iran vows retaliation and says support for the measures is an “act of war.” Rial Collapse: Iran’s rial slid to record lows around 2.02m per $1 on the open market as hard-currency access tightens amid the sanctions push and port blockade. Iraq Currency Overhaul: Iraq plans to remove three zeros from the dinar and redesign banknotes to push more transactions into formal banking, with no timetable yet from the central bank. Cyber Risk to Energy: Britain briefed energy executives after reports of Iran-linked hackers shutting down a small UK generator for four days, stressing no wider grid outage. Trade Pressure on India: India warned that US sanctions plus the UAE’s halt on trade and financial transactions with Iran could disrupt exports of rice, tea and pharmaceuticals routed via Dubai. Saudi Capital Markets: Al Salam Bank was named joint lead manager for a $2.75bn Saudi SRC sukuk, underscoring continued GCC appetite for international debt issuance. Saudi-French Investment Talks: Macron and Saudi Crown Prince Mohammed bin Salman met in Paris to focus on security, energy and connectivity, alongside a French-Saudi business forum.