US-Iran Talks in Switzerland: Iran’s delegation walked out after Trump threats, but mediators say the sides agreed on a 60-day roadmap to end the Middle East war, set up communications lines for the Strait of Hormuz, and created a de-confliction cell to prevent Lebanon fighting from reigniting. Shipping & Oil Impact: Seoul reiterated that freedom of navigation through Hormuz must be guaranteed, after Trump floated possible tolls if talks fail; markets also swung as reports of Hormuz closures and progress fed oil-price volatility. OFW Repatriation: Philippines President Marcos ordered an extra $3bn (P3B) to speed repatriation and reintegration of overseas Filipino workers displaced by the Middle East conflict. Finance Relief: The Philippines’ central bank offered banks mark-to-market relief on peso government bonds hit by war-driven yield spikes. Education: Bahrain became the first in the region to introduce the International Baccalaureate in government schools, selecting students for the Middle Years Programme. Business & Projects: Spain’s Técnicas Reunidas won two major EPC contracts for Middle East oil and gas facilities; Egypt’s Big 5 Construct Egypt starts June 23 with 300+ exhibitors.