US-Iran Escalation & Shipping Pressure: US VP JD Vance again said the confrontation is “not a war” and refused to give an end date, while stressing Washington won’t resume talks unless Iran stops attacking commercial shipping in the Strait of Hormuz; the US also continues escorts and strikes tied to mine-laying and drone/missile threats. Civilian Strike Probe: Reuters analysis says an Iranian wedding explosion in Kuhestak was likely a direct hit by a US munition, as the US investigates and Iran vows revenge after the attack and follow-on strikes. Economic Warfare Backdrop: The EU has joined the US “Operation Economic Outcast” to squeeze Iran via financial pressure, while US officials say multiple countries are privately helping isolate Tehran. Oil & Logistics Impact: Oil prices are set for a steep weekly gain as renewed hostilities raise fears of supply disruption; Hormuz traffic remains a key risk for regional fuel and freight costs. Regional Transport/Trade Links: China-Egypt port ties are expanding, with Guangzhou-Alexandria container routes growing sharply, while Egypt’s auto market shifts toward more inventory and Chinese brands. Maritime Security Signals: CENTCOM released footage of USS Boxer enforcing a blockade and redirecting commercial vessels, underscoring how quickly shipping routes can be disrupted.