Red Sea Shipping Crunch: Bab el-Mandeb traffic fell sharply after Yemen’s Houthis attacked Saudi-linked oil infrastructure, with Sunday crossings hitting the lowest level in months and crude shipping disruption lifting physical cargo prices across Middle East, Europe and Africa. Drone and Missile Escalation: Saudi Arabia said it shot down drones aimed at petroleum targets launched from Iraq by Iran-backed militias, while Houthis claimed attacks on Aramco facilities in Jizan and Yanbu and warned of further pressure on Saudi shipping. Oil and Markets: Brent slid toward the high-$80s as US-Iran strikes paused, but investors remain on edge over Red Sea and Hormuz risks; Gulf equities rose on de-escalation hopes while Saudi shares ended flat. Saudi Business & Growth: Riyadh’s Royal Commission for Riyadh City said the Northeast Riyadh master plan is complete, covering 456 sq km; GASTAT data showed Saudi operating revenues up 11.4% YoY in May, led by mining and manufacturing. Deals and Expansion: PIF and US Ex-Im signed a $15bn MoU to finance US goods and services; Saudia Cargo launched a Riyadh–Melbourne freighter route to boost Middle East–Australia trade. Healthcare Innovation: KFSH performed Saudi Arabia’s first Laser Interstitial Thermal Therapy (LITT) procedure for drug-resistant epilepsy and certain brain tumors. Startup Funding: Ash Games raised a $1.5m seed round to accelerate global expansion of Saudi culture-inspired games. Logistics Cooperation: Qatar and Saudi Arabia held talks to boost trade and logistics, including customs and service efficiency.