Middle East Energy Shock: Oil prices slid again after Trump said a US-Iran peace deal could be signed soon, but Iran pushed back that no final conclusion is reached—keeping Strait of Hormuz risk and shipping uncertainty front and center. Fuel Retail Rules: India moved to curb bulk fuel diversion by restricting petrol and diesel bulk purchases at retail outlets for 90 days, capping high-speed diesel sales per customer and pushing institutions to captive pumps. Inflation Pressure: The US reported May inflation at 4.2% (highest in three years), with energy costs driving the jump; Trump linked the rise to efforts tied to Iranian oil. Eurozone Rate Watch: The ECB signaled it’s ready to hike again next month if the Middle East shock keeps spreading into core inflation. UK Growth Hit: UK GDP contracted 0.1% in April, blamed on Iran-war fuel and shipping disruptions. Consumer Tech Luxury: GoldPrivé launched bespoke 24K gold iPhone 17 Pro Max customizations, betting on demand for status-driven electronics. Egypt Trade Support: Egypt’s MSMEDA partnered with EXBY to help export-ready SMEs reach new international markets. Agriculture Input Risk: Turkey warned fertilizer supply risks are rising as Hormuz disruptions strain sulfur and other key inputs. Luxury Retail Insight: A report suggests luxury store expansion is shifting toward bigger cities with more prime space, putting pressure on smaller hubs.