Middle East Security & Diplomacy: The UAE suspended all trade, commercial exchanges and financial transactions with Iran after accusing Tehran of renewed ballistic missile fire, a move analysts say will tighten sanctions pressure and disrupt a key import/export route. US-Iran Escalation: Trump vowed “crushing” economic measures after talks collapsed and the Strait of Hormuz was described as “open and operating,” while Iran warned of “strategic surprises” if escalation continues. Europe on Alert: Greece raised its security posture after a Financial Times report said Iran is considering attacks on US military assets in Europe, including potential targets in Greece, Cyprus and Bulgaria; Bulgaria tightened protection at Bezmer Air Base but said there was no direct threat. NATO Politics: A Pentagon questionnaire reportedly asks NATO allies whether they align publicly with US foreign-policy priorities and whether they restrict US access to bases and flights. Markets & Government Finance: Global bond yields retreated after US Treasury boosted longer-dated debt buybacks; gold jumped above $4,500 as US public debt crossed $40tn, while Middle East tensions keep oil and inflation risks elevated. Regional Governance: Iraq’s parliament speaker Mohammad Bagher Ghalibaf urged strengthening a “new order” and regional cooperation during a visit amid US pressure on Iran-linked factions.