US-Iran Shipping Crisis: The US and Iran traded strikes again over the Strait of Hormuz, with Washington warning it targets threats to navigation freedom while Iran’s IRGC says it hit US bases in Bahrain and Kuwait—Qatar urged de-escalation and diplomacy. Tariffs and Prices: The New York Fed says many firms expect tariff-related price hikes to keep rolling through contracts and “trickle up” pricing, raising pressure on consumer costs. Indo-Pacific Deals: Australia and India signed a major defence pact and uranium trade deal, while India and Australia move to fast-track a broader free-trade push. China Economy & Tech: China rolled out a retail-sector plan to boost consumption and jobs, while Shanghai accelerates a robotics push with humanoids moving from demos to production. Business & Governance: Nepal’s PM began private-sector consultations after 100 days, and Malaysia’s deputy finance minister denied claims tied to the 1MDB scandal as banking leaders stress responsible AI. Regional Trade Links: A Papua New Guinea–India business council was registered to scale trade, and Nepal met UAE officials on AI, digital transformation, and investment. Local Business Climate: Peoria, Arizona won a top business-city award as it courts major semiconductor investment. Sports/Markets: South Korea’s top court upheld ex-president Yoon’s seven-year sentence, and markets tracked rebounds amid global growth worries.