Strait of Hormuz Security Push: The US and UK are lining up a multinational naval coalition to protect commercial shipping through Hormuz as strikes and counterstrikes keep escalating. Cybersecurity & Critical Infrastructure: US agencies updated warnings on Iranian-linked attackers targeting internet-exposed industrial control systems, including manipulation of operator screens, while another report flags Iran-linked spyware delivered via fake VPN and media apps. Sanctions & Fintech: OFAC sanctioned an Istanbul fintech tied to an Iranian sanctions-evasion crypto network, adding more pressure on cross-border payment channels. Regional Yemen Flashpoint: Iran’s FM says there’s “no military solution” for Yemen and calls for dialogue as Houthis and Saudi forces trade attacks, with Red Sea disruption continuing. Defense Tech in the Spotlight: The US says it achieved its first combat interception using the Merops drone system, tested in Ukraine, signaling cheaper counter-drone options. Market Shock from War Costs: Oil prices and shipping delays are hitting everyday supply chains, from Indian banana exports stuck by Hormuz closures to broader fuel-price pressure. Nuclear Deal Fallout: US-Saudi nuclear cooperation is reigniting fears of enrichment-related proliferation risks and regional arms-race dynamics. Ukraine-Caspian Spillover: Ukraine claims strikes in the Caspian Sea targeting vessels tied to Russian military cargo to Iran, adding another layer to the Iran-linked conflict web.