Middle East Energy Shock: A UN ESCWA estimate puts the US-Iran conflict’s first-month hit to Arab economies at nearly $150B (about 4% of regional GDP), with shipping and the Strait of Hormuz disruption now feeding into energy, food and trade costs. Oil Market Watch: Oil prices slipped as supply-disruption fears eased, but the broader risk remains as routes stay constrained and diesel/jet fuel pressures linger. Global Rates & Growth Risk: Reuters warns the energy shock plus higher borrowing costs is raising the odds of stagflation, with G7 10-year yields at the highest since 2008. South Asia Growth Signals: Moody’s lifted India’s FY growth forecast to 7% on resilience, while flagging energy and food-price risks; ADB’s Albert Park urged tariff cuts on intermediate inputs to boost competitiveness. Urban Cost-of-Living Reality: Greater Accra’s inflation drop doesn’t mean prices are back to normal—utilities and food costs are still reshaping household budgets. Africa Trade & Tourism: IATA argues aviation is key infrastructure for an Africa-to-Africa tourism economy, while UNDP pushes Indonesia’s seaweed sector toward higher-value processing. Local Business Pulse: Nigeria’s naira weakened at the official market, and NASD OTC stocks slid; Georgia reported 6.9% Q2 growth, led by transport, arts and health, while construction and agriculture dragged. Infrastructure & Jobs: South Africa’s growth push leans on infrastructure and private participation; Charleston airport study pegs $13.8B in annual regional activity and 61,000+ jobs. Policy & Security: South Korea rejected troop support for Iran war, keeping naval missions focused on protecting commercial shipping.