Maritime Security: Yemen’s Houthis declared a complete ban on Israeli shipping in the Red Sea and warned Israeli-affiliated vessels will be treated as military targets, raising risks for Bab el-Mandeb and Red Sea-Suez traffic. Middle East Escalation: Israel and Iran traded strikes again after a two-month ceasefire, including Israel hitting an Iranian petrochemical complex; Iran said it targeted Israeli air bases, while airspace closures and flight suspensions were reported around Tehran. Aviation Disruption: Ben Gurion Airport stayed open but Israel signaled tighter passenger and flight limits as it shifted to restricted activity; Iran also cancelled flights at Mehrabad amid the renewed fighting. Logistics & Trade Impact: Oil jumped on renewed Middle East tensions, with investors focused on Strait of Hormuz supply risks; separately, Hellmann and INDU broke ground on a new automotive logistics hub in Jafza to support regional spare-parts distribution. People & Safety: Four Indian sailors were evacuated after 10 months stranded on an abandoned container ship off Istanbul, highlighting ongoing vessel abandonment problems. Sanctions & Finance: The US Treasury sanctioned Iran’s Nobitex crypto exchange, alleging it supported IRGC-linked transactions. Airline Economics: IATA warned that Middle East disruptions and fuel costs are set to halve airline profits in 2026.