Energy Security: Iran-aligned Houthis claimed strikes on two Saudi oil tankers and a wider naval blockade, reviving fears of a second global oil chokepoint alongside Hormuz and threatening Red Sea shipping. Trade & Diplomacy: China’s FM urged Britain to avoid security-linked barriers to trade and called for fair conditions for Chinese firms, while also pushing deeper China-Egypt cooperation. UK Cost of Living: New UK PM Andy Burnham announced a 20% cut to business rates for pubs, clubs and live music venues from April, aiming to revive high streets. Global Economy & Markets: Nigeria’s naira strengthened on improved FX liquidity, while Oxford Economics warned the Philippines’ sovereign risk could worsen if Hormuz stays closed through 2027. Work & Health: A UK study estimated the June heatwave cost the economy £1.15bn via lost working hours, and a separate report highlighted how unaddressed mental health hits concentration and confidence. Business & Investment: ServiceNow Ventures backed India’s BusinessNext with $40m, valuing it at $700m, as Malaysia’s business survey flagged financing access gaps for micro firms. Aviation & Regional Growth: Sarawak’s AirBorneo launched its first international Kuching–Singapore route, betting on demand ahead of festive travel.