Red Sea Security: An India-flagged tanker carrying Saudi oil sank off Yemen after a projectile hit; all 13 Indian crew were rescued, underscoring renewed risk around Bab el-Mandeb and Red Sea routes. Ukraine Logistics Under Fire: Russia’s missile and drone barrage on Kyiv killed at least 17 and hit warehouses and major retail logistics hubs like Rozetka and Epicentr; a presidential adviser warned businesses to shrink footprints and disperse storage as Russia can fire about 100 ballistic missiles a month. Strait of Hormuz Watch: Diplomacy with Iran and Oman is progressing but not settled; Iran says the strait won’t reopen unless US conduct changes, while US officials say the southern route remains open and oil prices slid on reopening hopes. Supply Chain Resilience: Hamburg is pushing rail links via Cologne and Duisburg as Rhine low-water disrupts barge capacity. Warehousing & Trade Policy: India operationalised an inventory-based cross-border e-commerce framework, shifting compliance and record-keeping onto exporters-on-record. Forwarding Update: DHL Global Forwarding reported stronger Q2 results, with airfreight revenue up 30% as Middle East disruption and AI shipment demand lifted rates. Port/Network Moves: HMM plans a new Gulf–India–East Africa container service from September, adding Dar es Salaam and Mombasa to its feeder network.