Strait of Hormuz Shock to Industry: Iran announced a full closure of the Strait of Hormuz after U.S. airstrikes, threatening the route that carries about 20% of global oil and pushing shipping to halt while insurers and prices brace for disruption. Gulf Shipping Still Not “Back to Normal”: Even with talk of reopening, Maersk kept restrictions and added a new Hormuz emergency freight surcharge, underlining how logistics, rerouting and storage costs will keep hitting trade flows. Oil Flow Delays Ahead: Analysts say any recovery after a deal will likely take months, not days, as hundreds of ships clear backlogs and Gulf producers restart shut-in output. Bahrain Security Tech Spotlight: Bahrain hosted the second International Sport and Security Exhibition (ISSE), showcasing AI, drones and smart security systems through June 17. Construction & Property Crime: Two Asian nationals were detained over electrical cable theft from under-construction homes in East Riffa, with recovered materials returned to owners. Islamic Finance Standardization: Bahrain-based IIFM rolled out standardised Ijarah and Murabahah syndicated financing documents to cut costs and speed cross-border deals. SME Lending Rules: IIFM also unveiled standardised syndicated lending rules aimed at unifying legal approaches across Islamic finance. Maritime Exercise With Bahrain Observers: Philippines and U.S. launched KAMANDAG 10, with Bahrain among the observer nations, focusing on maritime security and contested logistics.