Iran-US Deadlock, Escalation Fears: Trump again warned Iran the “clock is ticking” as talks stall, while Iran says any deal must end the war on all fronts and lift sanctions—amid reports the US and Israel are preparing for possible renewed strikes. Strait of Hormuz Control: Iran announced a new authority to manage Hormuz traffic and also moved to tighten leverage over undersea internet cables with new fees and licensing. Energy Shock Spreads: The IEA warned oil inventories are down to weeks, pushing prices higher and feeding inflation worries; the EU is downgrading growth forecasts over the “stagflationary shock.” Lebanon Toll Rises: In Lebanon, deaths from Israel–Hezbollah fighting passed 3,000 as displacement tops a million. Sanctions and Business Fallout: The US Treasury said Adani Enterprises will pay $275m to settle alleged Iran sanctions violations, while the US extended a 30-day waiver for Russian oil tankers at sea to cushion energy strain. Humanitarian Flashpoint: Israel detained participants from the Gaza-bound Global Sumud Flotilla off Cyprus, including at least six Irish citizens; Turkey called it piracy. EU/Global Politics: EU ministers warned Russia and China could exploit Iran fallout to gain leverage in developing countries.