Gaza Escalation: Benjamin Netanyahu says Israel is expanding its hold in Gaza and will move to control 70% of the enclave, after increasing to 60%, as Eid strikes killed at least 10 Palestinians in Gaza City. Lebanon Front: Israel’s strikes and evacuation warnings intensify across southern Lebanon, with UN reporting heavy harm to civilians and repeated attacks on healthcare workers. Ceasefire/Hostilities: US and Iran negotiators reportedly reached a tentative 60-day ceasefire extension and talks on Iran’s nuclear program, though Trump approval is still unclear—while Israel keeps widening pressure on multiple fronts. Energy Markets: Oil prices slide on hopes of Hormuz reopening and reduced conflict risk; Saudi Arabia is also expected to cut July crude prices to Asia for a second month as demand stays weak. Shipping & Trade: Strait of Hormuz traffic ticks up slightly, but remains far below pre-war levels; an India-bound Iranian crude tanker also reportedly cleared the strait. Aviation Impact: IATA says Middle East war disruptions drove a 3.4% drop in global passenger demand in April, with Middle East carriers hit hardest. Diplomacy & UN: Israel severs ties with UN leadership over a sexual-violence blacklist decision, while Pakistan calls for a more democratic, accountable UN Security Council. Hajj & Regional Ties: Saudi Arabia’s Hajj operations draw praise from Bahrain and Malaysia-linked coverage, as pilgrims complete key rituals in Mecca.