US-Iran ceasefire & Hormuz reopening: Washington and Tehran moved toward a formal end to the war, with Trump saying the MoU is “complete” and that Strait of Hormuz traffic could resume by Friday, but shippers warn confidence may take weeks and details on nuclear steps and sanctions remain murky. Energy shock ripple: Even as oil prices slid on deal hopes, analysts and major institutions say the global energy, shipping and commodity supply chain hit will likely linger into 2027—fueling inflation pressure and keeping costs elevated. Inflation hit: US CPI rose to 4.2% in May, with energy prices driving most of the jump, underscoring how Middle East disruptions still flow into everyday costs. Israel’s stance: Netanyahu reiterated Israel will keep acting against Iran’s nuclear threat and signaled it won’t be bound by the US-Iran framework, while Israel’s Lebanon posture remains a key sticking point. Trade & logistics watch: Reports highlight that reopening Hormuz won’t instantly normalize shipping, war-risk insurance, and stranded tankers—so “paper barrels” may not quickly become real supply. Canada sanctions draft: Canada reportedly removed the World Zionist Organization from a West Bank sanctions list before release, reflecting ongoing policy friction around settlement-linked entities. Agritech export angle: A farmer in India used a heat-resistant Israeli apple variety to grow fruit in 45°C conditions, pointing to scalable cross-border horticulture know-how. Defense industry signals: CNN reported Israel deployed special forces across multiple regional hubs during the Iran conflict, adding another layer to the security backdrop for regional industry and logistics.