Energy Markets: Oil jumped as Israel struck Iran’s Mahshahr petrochemical complex and Iran retaliated, then both sides signaled a pause after Trump urged “stop shooting,” leaving Strait of Hormuz and regional shipping risk front and center. Shipping & Logistics: Yemen’s Houthis escalated pressure on trade lanes with threats of a Red Sea “total ban” on Israeli shipping, adding another headache for carriers already rerouting around West Asia disruptions. Aviation Costs: Airlines warned profits are being crushed by fuel volatility, with jet fuel prices in the US surging and summer travel margins tightening. Defense Tech & Industry: A US House vote is moving forward on a framework to expand US-Israel defense technology cooperation, covering AI, cyber, autonomous systems and counter-drone work—while Israel’s reported push into AI-controlled drones raises the stakes for the security-industrial base. Capital Markets: Stocks rebounded in parts of the world as Iran-Israel ceasefire hopes returned, but volatility stayed high; copper and gold traded sharply on shifting conflict signals. Workforce & Society: The IDF said the first woman completed Sayeret Matkal training, a milestone for Israel’s defense talent pipeline.