US-Iran Strait of Hormuz & shipping risk: Trump says a “great settlement” with Iran could be signed in Europe within days, with claims of Hormuz reopening and sanctions easing—while Tehran counters that no final decision is reached, keeping uncertainty high for maritime traffic. Maritime enforcement & seafarer deaths: The US continues blockade enforcement and strikes on tankers in the Gulf of Oman; three Indian sailors were killed in separate attacks this week, prompting India to demand an end to ship strikes. Energy infrastructure threat: Trump also floated taking control of Iran’s Kharg Island oil hub, a move that would raise major supply-chain and insurance concerns if escalations resume. Regional aviation disruption: Kuwait reported Iranian strikes damaged an airport radar and injured people, underlining how air traffic management is getting hit. Diplomacy vs escalation: Qatar, UAE and Pakistan reportedly urged Trump to hold off a threatened strike, while US logistics reportedly shifted toward a possible Vance trip for deal-signing preparations. Trade finance shift: Asian firms are turning to banks for trade finance and risk support as Hormuz disruptions strain energy supply chains. Local transport/logistics spillovers: Egypt extended customs facilitation for transit shipments; EFCC arrested an AVSEC officer in Kano over alleged gold/cash smuggling at the airport. Market knock-on effects: Oil slid on deal hopes, while stocks rallied; UK GDP shrank as Iran-war disruptions weighed on growth.