US–Iran Ceasefire & Markets: A US-Iran framework deal to end the war and reopen the Strait of Hormuz sent global stocks surging and oil sliding, with a formal Geneva signing set for June 19; Energy & Inflation Spillover: Brent fell ~4–5% as investors priced in restored flows, while analysts warned full normalization could take months due to logistics and security; Rates Watch: European bond yields dropped on the relief, with ECB Lagarde calling it “good news” but stressing “history is not over yet,” and the Bank of England outlook cooling as rate-hike odds softened; Middle East Banking/Policy: Bahrain issued new laws and amendments to protect investments and strengthen consumer protection, including updates to industrial areas and legal profession rules; Egypt Energy & Investment: Egypt said its LNG supply system is ready for peak summer demand (regas capacity ~2.7 Bcf/d) and confirmed settlement of outstanding IOC payments to zero; Egypt Real Estate/Hotels: Housing and Development Properties (HDP) partnered with TULUA and Radisson Blu to develop a 175-room hotel at Blu Stays in Marina 5, with delivery targeted in 3–5 years; Iraq Energy Spend: Pearl Petroleum plans $10.2bn in Iraqi Kurdistan (2026–2035) to more than double gas output, supporting power generation and energy security.