Energy & Trade Risk: Iran’s newly created Persian Gulf Strait Authority says it has fully closed the Strait of Hormuz to shipping, after U.S. airstrikes, raising fears of major oil-price shocks and shipping disruption. Diplomacy: A U.S.-Iran memorandum of understanding has gained broad international backing, with hopes for de-escalation and protection of global trade routes, though Israel’s stance adds uncertainty. Public Finance: Jordan’s Prime Minister issued a circular directing ministries to cut operating costs by 15% for the 2027 draft budget, with tighter spending ceilings and clearer justification for variances. Energy Sector: Cabinet extended the NPC concession for the Risha gas field until 2061, targeting higher output and a pipeline link to the Arab Gas Pipeline. Power & Utilities: NEPCO reported electricity sales up 2.5% through May; SSC launched a debt-installment incentive plan cutting interest rates for indebted businesses. Water & Social Resilience: A project installed 500 household water tanks in southern villages to ease water scarcity. Real Estate: Jordan’s real estate trading volume hit about JD2.46bn in five months, down 5%, with non-Jordanian ownership value rising in May. Startups & Investment: ISSF announced a $7m investment in Endeavour Catalyst Fund V to boost global venture capital access for Jordanian SMEs. Industry & Jobs: JCI said imports with no local alternatives reached around JOD 9bn in 2025, pointing to localization opportunities. Infrastructure: Work has started on Amra City’s Al Hussein bin Abdullah II International Stadium, with opening planned for late 2029.