Strait of Hormuz Shock: Iran announced a full closure of the Strait of Hormuz after U.S. airstrikes, warning of major global oil disruption as shipping halts and insurance costs jump. US-Iran Truce Watch: Markets are also reacting to reports of a U.S.-Iran interim peace framework that would reopen Hormuz and lift the U.S. naval blockade, with a formal signing expected in Switzerland on June 19—though details remain contested. Kuwait Oil Moves: Kuwait Petroleum Corp (KPC) is offering crude to Asian buyers directly for the first time since the 1990-91 war, as the crisis reshapes sales routes and Kuwait navigates force majeure conditions. Kuwait Housing Clampdown: Kuwait’s Finance Ministry warned chalet and state land permit holders against subleasing, saying breaches can trigger licence cancellation and immediate eviction. Investor Residency Push: Kuwait approved a 15-year residency plan for foreign investors and their families, with KDIPA-linked recommendations and minimum investment thresholds. AI Infrastructure Deal: KKR and Kuwait Investment Authority (KIA) backed Helix Digital Infrastructure with NVIDIA and Vistra, targeting a $10bn buildout for next-gen AI data centers and power. Regional Connectivity: Türkiye and Saudi Arabia plan a rail link via Jordan and Syria, with Kuwait flagged as a potential later participant—aimed at reducing future Hormuz disruption risks. Business & Education: Kuwait’s Ministry of Education moved Grade 12 exams to start June 21, while Qatar University met Kuwait’s higher education officials to expand academic and research cooperation.