US-Iran Peace Breakthrough & Energy Markets: UK and global markets cheered a US-Iran framework to end the war and reopen the Strait of Hormuz, sending oil down toward a three-month low and lifting Asian equities, though industry warns shipping recovery may take months. UK Cost of Crisis: A RAC Foundation analysis puts the Iran-linked fuel shock at about £4bn extra for UK drivers, with VAT receipts up nearly £670m. Central Banks Under Pressure: The Bank of England faces a tough call as energy-driven inflation risks collide with a weakening growth backdrop. South Korea Energy Relief: Experts say Hormuz reopening should ease supply and shipping risks for oil-import-heavy South Korea, but oil prices may take time to normalize. Inflation Watch (India): India’s wholesale inflation jumped to 9.68% in May as fuel, power, manufactured goods and food costs rose. South Africa Social Backlash: Anti-immigrant protests are pressuring South African firms across Africa, with companies monitoring risks and supporting repatriations. Food Affordability (South Africa): The urban food basket hit R1,361.76 in April, keeping affordability stress high despite some inflation moderation. Trade Friction (Meat Exports): South African meat exporters say certification and approvals delays are costing millions as access to markets like Qatar remains impaired. AI Policy Shock (Markets): Moody’s chief economist flagged a sudden US ban on Anthropic’s frontier AI access as a threat to markets, even as SpaceX’s record IPO drew attention. Digital Economy Push (Malaysia): Malaysia’s Economy Ministry says inflation should stay within 1.5–2.5% in 2026 and plans a parliamentary statement on the energy and supply crisis. Startup Acceleration (Malaysia): Selangor launched a Triple Accelerator Programme adding a Token-X track for digital assets, blockchain and Web3. Regulatory Reform (India): SEBI will review delisting and startup listing norms to ease capital market processes. Capital Markets (Pakistan): Pakistan’s PSX rallied on hopes for US-Iran de-escalation and lower oil prices. Corporate/Infrastructure (India): G R Infraprojects secured the appointed date for a ₹1,897.51 crore railway link in Madhya Pradesh. State Transparency (Estonia): Estonia’s finance ministry exempted state firm managers from public financial disclosures, citing privacy. Night-Time Economy (UK): Hospitality groups warn the sector is at a “tipping point” and want VAT relief to prevent closures and reduced investment.