Hormuz Control Escalates: Iran’s top command says the Strait of Hormuz is under “full authority” of the armed forces, with all tankers and commercial ships needing designated routes and IRGC Navy permission—while Iran also moves to formalize this role in new legislation. Deal Talks Still Foggy: Despite US claims of progress, Iran says no final agreement is reached; the US says it will lift the naval blockade only under strict terms, including nuclear limits and reopening Hormuz. Kuwait Attack Fallout: An intercepted Iranian missile hit Kuwait’s Ali Al Salem base, injuring five Americans, as more US drones were reportedly damaged. Blockade Pressure at Sea: The US disabled another merchant vessel trying to breach its blockade of Iranian ports, keeping global shipping and oil logistics on edge. Energy Cost Hit: Moody’s Analytics estimates US households have paid about $60bn extra in fuel-related costs since the war began, with gasoline and airline fuel driving the squeeze. Markets Watch Hormuz: Oil slid toward $90 on ceasefire-extension hopes, but uncertainty remains as Trump delays a final decision. Turkey Gas Ambition: Turkey plans a gas pipeline to Turkish-controlled Northern Cyprus and a subsea power link, aiming to shift the island’s power supply from oil to gas by 2028. UAE Strikes Reported: A Wall Street Journal report says the UAE carried out dozens of coordinated airstrikes on Iran, including energy targets, alongside US and Israel.