Strait of Hormuz Logistics: The US and Iran signed an MoU extending their ceasefire and setting up a reopening of the Strait of Hormuz, with Washington saying ships will transit without tolls while Iran’s benefits remain tied to performance; Iranian media reports tankers and cargo vessels already passing, but details on nuclear issues and a lasting truce are still pending. G7 Security & Ukraine: At the G7 in France, leaders including Zelenskyy are pushing for concrete Ukraine support as Russia’s strikes continue, while the Iran deal reshapes summit priorities. Maritime Risk Management: France and Britain are backing a proposed post-deal naval mission to clear mines and reassure shipping insurers and crews, aiming to restore “unconditional and unrestricted” navigation. Aviation & Passenger Rules: Iata criticized the EU’s revised air passenger rights deal as a missed chance to cut disruption costs, arguing reforms fell short after years of debate. Rail & Connectivity: Turkey and Saudi Arabia estimate $100m to rebuild/modernize the Hejaz Railway links toward a wider corridor bypassing Hormuz disruption. Air Network Growth: Etihad launched new summer routes to Krakow, Palma, Damascus and Zanzibar, adding capacity for peak travel. Customs & Cross-border Shopping: Latvia will raise costs for cheap online imports from outside the EU via a per-category duty starting July 1. Freight & Inland Waterways: Netherlands inland waterways moved about 333m tonnes in 2025, with container and coal volumes up while liquid bulk fell.