Strait of Hormuz Shockwaves: The US reimposed a naval blockade on Iran and intensified strikes as Iran vowed the Strait of Hormuz would stay closed until Washington ends its “acts of aggression,” while warning other export routes could be targeted—pushing oil to a one-month high and rattling Gulf markets. Policy U-turns: Trump’s proposed 20% Hormuz cargo fee was dropped after Gulf pressure, with the White House pivoting to trade and investment deals, even as threats to hit power plants and bridges next week raised the stakes. Bahrain in the Crossfire: Bahrain said it intercepted and destroyed several Iranian aerial attacks, as Iran’s IRGC claimed strikes on US-linked military facilities in Bahrain and Kuwait. Local Courts & Security: Bahrain’s High Criminal Court began hearing a terrorism case against 17 defendants accused of undermining the constitutional system. Sustainability at the UN: Bahrain tabled its Third Voluntary National Review at the UN and highlighted SDG progress through human capital, heritage, and a diversified innovation-led economy. Housing & Development: A Muharraq Development Project milestone was reported, alongside progress on social housing financing under the Government Land Development Programme. Markets & Metals: Silver bar prices in Bahrain reportedly plunged by nearly BD1,000 per kilogram in four months, cooling demand. Digital Finance: SICO opened investment accounts via eKey 2.0 national digital ID, while Mazad integrated the same identity service for secure transactions. Business & Trade: Bahrain and Egypt urged an end to Iranian attacks, underscoring regional security coordination.