Strait of Hormuz diplomacy: Egypt pushed to revive US-Iran talks as tensions over Hormuz and Israel’s strikes in the region continued, with Egypt’s FM Badr Abdelatty discussing negotiations with Iran’s Abbas Araghchi and also reviewing Oman-related talks on managing Hormuz traffic. Hormuz shipping reality check: UKMTO-linked reporting and ship-tracking data point to traffic still far below normal, even as the US says oil is moving; in parallel, the US military said it helped move hundreds of millions of barrels since May. Security escalation: Iran’s new security chief Mohsen Rezaei warned it would neutralize US “economic war” and threatened action against countries joining pressure campaigns, while Iran called new sanctions a “declaration of war.” Oman angle on navigation: Egypt and Oman also stressed restoring secure passage through Hormuz, underscoring direct impacts on global trade and energy supply chains. Oman business & markets: Muscat Stock Exchange trading value rose to about OMR252.1mn, supported by investor appetite and expectations of dividends. Oman compliance & policy: Oman’s Personal Income Tax Law details key rules ahead of its 2028 start, while NCSI data showed financial crimes leading Oman’s offence categories in 2025. Regional business logistics: UAE expanded integrated logistics networks to strengthen supply-chain resilience, including corridors linking ports across the Gulf.