Strait of Hormuz Shockwaves: Iran’s Persian Gulf Strait Authority announced a full closure of the Strait of Hormuz after U.S. airstrikes, threatening a major global oil disruption as the waterway carries about 20% of world oil; shipping firms are already pausing operations and insurers are raising premiums. US-Iran Deal Reality Check: Even with a tentative U.S.-Iran framework aimed at reopening Hormuz, analysts warn oil flows won’t return quickly—months, not days—because hundreds of ships are stuck and Gulf producers need time to restart output. Shipping Still Cautious: Maersk says it’s keeping restrictions and adding a Strait of Hormuz Emergency Freight surcharge, limiting bookings across Iraq, Kuwait, Qatar, Bahrain and parts of Saudi Arabia and the UAE. Bahrain Housing Update: Madinat Salman is set for 432 ownership flats and 137 houses, with completion targeted for late 2027 as the Northern Municipal Council reviews housing and services progress. Local Courts: A Bahraini man was jailed for three years and fined BD3,000 over BD2,490 banking fraud after misusing SIM and electronic banking access; courts also handled a separate human trafficking case involving two minors. Business & Finance: NBB sponsored an American University of Bahrain graduation award, while Bahrain’s real estate sector continues to be highlighted as a key economic pillar.