US-Iran MoU Fallout: Switzerland postponed US-Iran talks as JD Vance shelved a Geneva trip, while Israel’s strikes in southern Lebanon escalated and threatened the interim ceasefire; the Strait of Hormuz reopened and oil sentiment eased, but markets are still pricing deal fragility. Lebanon Flashpoint: Lebanon reported 18 deaths in Israeli airstrikes; Israel said four soldiers were killed, as Hezbollah clashes intensified—raising the risk that the “all fronts, including Lebanon” clause won’t hold. Budget Pressure in Washington: The Pentagon is seeking an $80bn supplemental request to fund Iran-war costs plus other bills, adding fiscal and political strain. Markets & Rates: Euro zone bond yields rose on oil-price moves and tougher ECB messaging; ECB hawk Pierre Wunsch said another rate hike is possible if services inflation spreads. Regional Security Tension: Reuters reports Iran’s IRGC set up covert Iraqi cells to hit Gulf targets hosting US forces, signaling a shift beyond traditional militias. Business & Trade: Uzbekistan and Iraq launched a joint business council at TIIF-2026, targeting food, electrical engineering and construction links. Qatar-Germany Dealmaking: Qatar Chamber joined the 29th Arab-German Business Forum in Berlin to connect investors and innovation. Fraud Watch: Israel saw elder fraud cases jump 61% in 2025, with most perpetrators being family members.