Strait of Hormuz Shock and Pivot: Iran’s Persian Gulf Strait Authority said it shut the Strait to all shipping on June 11 in retaliation for U.S. airstrikes, warning of major global supply disruption; later coverage points to a U.S.-Iran tentative peace framework that would reopen Hormuz and lift the U.S. naval blockade, but analysts stress oil flows won’t normalize overnight as hundreds of tankers remain stuck and production restart takes weeks to months. Kuwait Oil Moves: Kuwait Petroleum Corp. offered crude to Asian buyers directly for the first time since the 1990-91 war, as the crisis forced export halts and Kuwait seeks market share. KPC Gas Investment: KPC approved an Egypt gas exploration investment, with initial output from the West Mena offshore field expected in Q4 2026. Kuwait Upstream Services Financing: Action Energy secured KWD 40.9m in credit facilities to expand its rig fleet for Kuwait Oil Company-linked drilling and infrastructure projects. Local Infrastructure Decisions: Kuwait’s Municipal Council approved road and utility allocations, including a new link from Sixth Ring Road to Sector N12 in Al-Mutlaa, plus electricity/water routes tied to a cloud data center site. Aviation and Business: Jazeera Airways appointed Andrew Littledale as CFO from July 1, 2026. Regional Diplomacy: Gulf states welcomed the U.S.-Iran deal, while a broad coalition condemned the May 17 drone attack near the UAE’s Barakah Nuclear Plant.