US-Iran Escalation & Hormuz Disruption: Iran says it has halted all message exchanges with the US and vows to close the Strait of Hormuz, after fresh US strikes on radar/drone sites and renewed fire involving Kuwait; oil jumped above $94 as markets priced in longer disruption. Maritime Fallout: Despite a ceasefire, thousands of seafarers remain stranded in the Gulf, with the UN shipping agency warning conditions are still too dangerous for crew changes; separate reports also flag attacks on commercial vessels near Iraq. Oman’s Trade Advantage: India-Oman CEPA starts today, with duty-free access for most Indian exports and customs duty concessions kicking in; India also sent a $1.8m shipment as the pact begins, and the deal is framed as a reliable Gulf gateway during Hormuz stress. Oman Investment Push: Oman is shifting to demand-led industrial projects backed by guaranteed offtake agreements, aiming to reduce investor uncertainty. Oman Capital Markets: Muscat Stock Exchange reforms and OIA activity are boosting liquidity as Oman targets emerging market status; CBO also allocated RO 61.4m in 91-day treasury bills. Energy & Industry Links: OQ Exploration & Production and Thailand’s PTTEP signed an MoU to expand upstream cooperation, while Oman’s Al Batinah North touts $30bn investment plans and logistics/industrial growth.