Strait of Hormuz & Red Sea security: Iran said it struck a Togo-flagged tanker trying to pass Hormuz, while UK maritime authorities reported another tanker hit by an “unknown projectile,” as commercial traffic stays thin and shipping risk keeps rising. Yemen/Houthis impact: Houthis claimed dozens of Saudi strikes and warned of maritime pressure around Bab el-Mandeb, prompting Saudi air-raid alerts and raising fresh concerns for Red Sea routing and insurance. Fuel & trucking pressure: Diesel hit record highs in the US and Türkiye (another 4.68 lira/liter hike), with drivers facing steep refuel bills and wider cost spillovers for logistics and food supply chains. Sanctions & trade friction: Trump signed the Lindsey O. Graham Sanctioning Russia and Iran Act, expanding tariff authority up to 100% for countries tied to Russian energy purchases and extending Iran sanctions—potentially reshaping crude flows and compliance burdens. Crypto rails targeted: US Treasury sanctioned Iranian crypto exchange BitBank over alleged bitcoin transfers tied to IRGC-linked Hormuz payments. AI-driven near-crisis: Reports say flawed AI-linked intelligence nearly led US forces to board a Chinese vessel in the Middle East, underscoring how automation errors can quickly escalate transport and security risks. Regional diplomacy: Trump plans UN diplomacy focused on Iran, while South Korea reiterated it won’t join the conflict, and India condemned Houthi attacks as threats to freedom of navigation.