US-Iran Diplomacy: US Vice President JD Vance said Iran has agreed to let nuclear inspectors back in, while Iran denies any new nuclear commitments; technical talks in Switzerland continue as both sides try to keep the Strait of Hormuz open. Iran Talks Framework: Iran’s president Masud Pezeshkian stressed progress depends on full commitment to the MoU text, and Iran says four negotiating groups will be formed, including sanctions, nuclear, and reconstruction. Regional Shipping & Energy: With Hormuz risk easing, investors watch oil and markets, while Iran seeks to restart exports after a US sanctions waiver, including outreach to India and other Asian buyers. Philippines Economic Fallout: The Marcos administration cut its 2026 growth target to 3.5–4.5% citing the Middle East war, oil shock and weaker spending; Moody’s also turned the banking outlook to negative over rising asset-quality risks. Gulf Tourism & Business: Saudi tourism spend hit SAR82.7bn in Q1 2026; Ras Al Khaimah and Huawei signed a digital tourism MoU; Emirates won top BTME awards. Eurozone Watch: Eurozone activity shrank less than expected in June, with services easing after early Middle East-war disruptions.