US-Iran Escalation: The US resumed and then completed another wave of strikes on Iranian Revolutionary Guard targets, citing attempted attacks on commercial shipping in the Strait of Hormuz and on American personnel; Iran retaliated with missile and drone attacks across the region, including claims of strikes on US bases in Jordan, while Jordan said it intercepted 10 of 13 ballistic missiles. Strait of Hormuz Pressure: Both sides traded fire as Hormuz tensions intensified, with Iran warning of “severe punishment” and the US saying it is acting to stop mine-laying and further restrictions on the key shipping lane. Human Cost in Iran: Iranian media and the Red Crescent reported a US strike hit a wedding in Sirik, killing four (including a child) and injuring dozens, as explosions were also reported across southern Iran. Nuclear Diplomacy Under Strain: The UN nuclear watchdog urged “utmost urgency” for access to Iran’s nuclear sites, warning that lack of information and inspector access is a proliferation concern, ahead of a contentious UN vote. Regional Alignments: The Shanghai Cooperation Organization summit ended with a declaration backing Iran, while Iran’s president said Tehran would immediately reciprocate a ceasefire if the US returns to its June memorandum. Markets and Energy: Oil jumped and European gas prices spiked as investors priced in longer disruption risks, while Asian stocks fell amid bond-yield pressure tied to the renewed conflict.