US-Iran Escalation: The U.S. resumed a “heavy wave” of strikes on Iran after an alleged missile attack on American forces in Jordan, while Iran and IRGC-linked claims point to continued retaliation risk across the region. Aviation Disruption: Airlines extended Middle East flight suspensions and rerouted around Iran/Iraq/Israel airspace as strikes and drone threats return. Maritime Security at Damietta: Egypt’s cabinet confirmed a drone caused a fire on two gas vessels at Damietta port (Energos Winter and GasLog Salem), with operations continuing and no casualties reported—raising fresh Suez Canal navigation fears. Hormuz Shipping Pressure: Iran reiterated control over the Strait of Hormuz and warned it won’t reopen under US threats; meanwhile, US Treasury sanctions targeted an “extortion” network involving insurers and tankers tied to Hormuz transit. Logistics & Trade: Gulf states are reportedly looking to China for leverage to reopen Hormuz and Red Sea routes, while shipping traffic shows continued movement despite dark/identity-manipulated transits. Regional Transport Policy: Armenia’s PM said the railway is sovereign property and any disputes may go to arbitration, while Iraq-Türkiye energy talks aim to keep pipeline oil flows running during renewal negotiations. Business/Shipping Earnings: Diana Shipping reported a strong Q2 profit jump, citing higher charter rates amid conflict-driven market volatility.