Middle East Diplomacy & Energy: US and Iran negotiators head to Switzerland to flesh out an interim ceasefire deal, after Iran said it closed the Strait of Hormuz again; the talks aim to unfreeze billions in Iranian assets, while Trump warns of possible tolls if no final deal lands in 60 days. Central Banking & Markets: A new, quieter Fed approach could boost volatility, with analysts warning that clearer signaling may mean sharper swings in stocks and bonds. Geopolitics, Trade & Energy Security: Malaysia’s PM Anwar Ibrahim’s fast trip via Tashkent, Kazan and Ashgabat spotlights energy and strategic partnerships, including Petronas’ expanded Turkmenistan role and Russia ties. Commodities & Supply Chains: Goldman Sachs flags aluminium tightness into 2027 as Middle East outages linger, even as Indonesia-China supply growth may swing the market back toward surplus. Small Business Pressure: South Korea’s minimum wage jump is hitting micro firms hard, pushing owners to cut hiring and intensify labor. Policy Watch (India): India’s finance panel will examine “evolving economic conditions” amid global uncertainty, with RBI projecting growth slowing to 6.6% as West Asia risks raise fuel and fertiliser costs. Local Economy & Resilience: Bougainville’s veterans affairs department launches a corporate plan to strengthen support and keep veterans central to nation-building. Circular Economy Regulation: SMART will join international talks on used textiles, as rules on what counts as waste could reshape reuse markets.