Geopolitics & Markets: US Secretary of State Marco Rubio warned that any Iranian move to control the Strait of Hormuz would set a “dangerous precedent,” as CENTCOM said it has struck Iranian targets for an 11th straight night—keeping shipping and energy risk front and center. Defense Budget Watch: US Defense Secretary Pete Hegseth told US senators the Iran war has cost $37.5bn so far and urged $67bn more for Middle East operations, as lawmakers push for clearer strategy amid protests. Inflation Risk: World Bank chief economist Indermit Gill said renewed escalation could drag global growth to 1.3% in 2026 and lift inflation, with oil and shipping disruptions feeding through to prices and rates. Pakistan FX Lifeline: Reuters reports Pakistan asked the US for a $10bn bilateral exchange stabilization facility after its Iran diplomacy boosted hopes of new support—aimed at easing rupee pressure and strengthening reserves. Iraq Oversight: Iraq’s federal audit bodies are facing scrutiny for failing to detect/report violations and possible concealment of corruption cases, with parliament urged to review performance. Saudi Corporate Finance: Arabian Pipes secured a SAR 68m Aramco contract for steel pipe manufacturing and supply, with revenue impact expected in late 2026/early 2027. Egypt Power Investment: Egypt secured $391m to strengthen electricity transmission and connect Gulf of Suez renewables to the national grid. Banking/Fintech Signals: Egypt’s investment ministry is preparing an “Investor Care Platform” to unify and speed up complaint handling for investors.