Iran-US talks & Hormuz pressure: Tehran rejected Trump’s “must” language and said no deal is imminent, insisting on actions and an estimated $24B asset release before any final agreement, while US officials kept the naval blockade message and warned the Strait of Hormuz must stay open and toll-free. Sanctions & crypto enforcement: The US Treasury says it seized $1B in Iranian-linked crypto under “Operation Economic Fury,” alongside new sanctions targeting Iran’s military procurement and shadow oil networks. Defense tech & drones: Iran’s Defense Ministry plans a civilian drone support center after cabinet approval of civilian drone rules, while reports also point to Chinese-made MANPADS possibly involved in a US F-15E shootdown. Regional conflict tech impacts: A reported Iranian missile strike on Kuwait’s Ali Al Salem base injured Americans and damaged MQ-9 Reaper drones, underscoring how high-value systems and subsea infrastructure are becoming key targets. Food & fertilizer workaround: With nitrogen fertilizer supply squeezed by Hormuz disruptions, farmers are turning to manure and urine-based microbial inputs to keep yields up. Undersea autonomy push: AUKUS “Pillar Two” is moving ahead on unmanned underwater vehicles, with first deliveries expected in 2027. Cyber & tech procurement crackdown: US actions allege Iranian-linked networks used fake US company identities and Gulf intermediaries to steal sensitive technology. Markets & AI: Wall Street’s AI-led rally and easing oil prices are tied to deal hopes, even as uncertainty remains high.