Strait of Hormuz Diplomacy: US and Iran held indirect technical talks in Doha with Qatar and Pakistan mediating, reporting “positive progress” on shipping through Hormuz and unfreezing frozen Iranian funds, but no clear breakthrough on lasting peace; mediators say the next round will be set after Ayatollah Ali Khamenei’s funeral processions. Maritime Tensions & Route Control: Iran’s Khatam al-Anbiya command warned tankers to use Iran-approved routes or face “forceful response,” while a separate report said a container ship tied to Iran (via false-flag claims) ran aground after ignoring Tehran’s instructions. Oil Market Impact: Brent and WTI slid for a third straight day toward pre-war levels as Hormuz traffic improves and markets price easing supply risk, with OPEC+ output decisions still in focus. Iraq Logistics & Finance: The US resumed some dollar air shipments to Iraq after a suspension, while security cooperation funding remains restricted. Port & Trade Projects: Iraq plans to invite bids for remaining Faw port piers; DP World launched Egypt’s first integrated logistics distribution centre at Sokhna. Regional Food Supply: Saudi Arabia issued a wheat tender for 655,000 tons, routing shipments to Red Sea ports to avoid Hormuz disruption. Industry Moves: Covestro is advancing MDI capacity plans with a China train and a UAE feasibility study; Asyad Shipping secured government support to cut fuel and insurance costs for eligible India–Oman food cargoes. Security/Infrastructure Risk: CENTCOM is reportedly considering relocating operational systems in Bahrain, Kuwait and Saudi Arabia to Israel to reduce vulnerability to Iranian missile/drone attacks.