Iraq Anti-Corruption Crackdown: Iraqi security forces sealed Baghdad’s Green Zone and carried out raids targeting MPs and politicians over financial and administrative corruption, with arrests reported after judicial warrants. Hormuz, Crypto and Shipping Fees: Iran says it will reopen and control the Strait of Hormuz, proposing a $1-per-barrel transit fee payable via Bitcoin or stablecoins, while also pushing Iran-approved routes and permits for foreign vessels—raising fresh risks for global shipping and crypto markets. UAE Financial Compliance: The UAE Central Bank expanded rules for dormant accounts and unclaimed funds, requiring institutions to document outreach efforts and transfer unresolved balances to the central registry. Iraq Energy Financing Plan: Iraq’s PM says talks with the US could create an Energy and Development Fund mobilising up to $400bn over 30 years for infrastructure and power projects, with accounts held at leading US banks. Iran Inflation Surge: Iran’s official stats agency put June year-on-year inflation at 88.6%, driven by sharp food price jumps amid war fallout. Saudi-China Logistics Push: Saudi Arabia expanded transport and logistics ties with China via smart-mobility agreements and dozens of investment opportunities showcased in Shanghai. Turkey Power Mix Record: Turkey hit a 26-year high for renewables’ share of electricity generation in May, with solar and wind surpassing coal for a second straight month.