Israel-Lebanon Ceasefire: Israel and Lebanon agreed to implement a conditional ceasefire after US-mediated talks, with Hezbollah required to stop firing and withdraw from the Litani area; Lebanon reported strikes soon after the announcement, keeping the truce fragile. Iran-US Talks Stalemate: Iran’s foreign minister said there’s “no tangible progress” with Washington even as Trump suggested an outcome could come “over the weekend,” while Tehran also demanded early release of frozen assets—an obstacle to a broader nuclear deal. Energy Shock & Markets: Oil prices swung on ceasefire hopes, but the Strait of Hormuz risk remains a driver of inflation and currency pressure; Indonesia’s rupiah hit a record low above 18,000 as energy costs and capital outflows bite. Defense Industry: Israel’s defense exports hit a record $19.2B in 2025, and the Defense Ministry says it’s making progress countering Hezbollah’s fiber-optic drones, including new detection and intercept efforts. Humanitarian Logistics: UN says more than 1,000 aid pallets entered Gaza via Kerem Shalom/Karem Abu Salem, though delays at the new checkpoint are still disrupting fuel deliveries. Policy & Trade: Amnesty joined a complaint against FedEx Belgium over alleged unlawful arms transit to Israel; separately, the US forced-labour trade rule flagged Israel among affected economies. Tech & Pharma: Pharming said the US FDA accepted its resubmission for Joenja (leniolisib) for children with APDS, with a PDUFA target date of Oct. 24, 2026.