Hormuz Flashpoint: Iran’s IRGC warned ships to avoid the Strait of Hormuz, claiming it was “completely closed,” even as US-Iran talks reportedly move toward reopening and mine-clearing. Maritime Security & Law: India protested US attacks on merchant tankers off Oman that killed three Indian sailors; Washington says vessels must obey US orders and blockade violations won’t be tolerated, while legal experts question when military forces can target civilian shipping. Diplomatic Fallout: US Secretary of State Marco Rubio told India’s EAM S Jaishankar compliance is required; Indian politicians including Rahul Gandhi and Manish Tewari criticized the tone and demanded stronger action. Air Connectivity: flynas launched a new Al-Qassim operations base, adding a sixth Saudi hub and new routes including Istanbul and Cairo. Energy/Trade: Masdar will buy a 49.99% stake in Repsol’s Spain renewables portfolio, including wind, solar and battery hybridization pipeline. Climate & Food Costs: Bank of Baroda flagged El Niño risks for India, projecting FY27 inflation at 5.2–5.5% with transport and weather-driven food pressure. Labor Disruption: Australia’s tribunal rejected Inpex’s bid to stop an LNG strike at Ichthys, extending a loading ban through June 23. Logistics Business Shift: Zepto’s IPO pitch signals a move away from ultra-fast delivery toward density, ads and retention—cash remains the key constraint.