Strait of Hormuz Talks: Iran and Oman are nearing an agreement to restart commercial shipping, with reports saying Tehran would control inbound traffic near Iran while Oman manages outbound lanes near Oman—raising US concerns that it could amount to a concession, even as Qatar says diplomatic efforts are ongoing and no direct US-Iran talks are planned. Maritime Security: The proposed “temporary” arrangement is being debated alongside renewed risks in the region, including claims of drone attacks on Saudi targets by Yemen’s Houthis and reports of a projectile hitting a Greek-managed ship near Oman. Red Sea Pressure on Oil: Saudi Aramco is studying new export routes and pipeline expansion as Houthi blockade squeezes Red Sea flows, while Aramco’s profits jump on higher prices despite disruptions. Gulf Diplomacy: Qatar, Egypt and Türkiye condemned Israeli Gaza violations as Jordan backed their mediator statement, while Gulf officials push de-escalation as Trump signals a “last chance” on Iran. UAE Economy & Society: The UAE economy grew 3% in Q1 2026, and the UAE-led Amazon operation arrested 839 suspects and seized $280m tied to environmental crime; meanwhile, the UAE introduced new police-clearance rules for some employment visas. Qatar Finance & Tech: Qatar’s central bank met Kuwait’s ambassador on banking ties, while Dukhan Bank went live on a blockchain payments network to speed cross-border transfers. Saudi Business & Travel: Riyadh Air will launch daily Riyadh-Manila flights in September, and Saudi’s date festival in Qassim runs through mid-October.