US-Gulf Diplomacy: US Secretary of State Marco Rubio wrapped talks in Kuwait and is now heading to Bahrain to reassure GCC allies that Washington will protect their security and economic interests as it negotiates with Iran, while also reiterating that the Strait of Hormuz must remain toll-free. Kuwait Debt & Budget Pressure: Kuwait’s Central Bank issued KWD 550mn in treasury bonds and public debt tawarruq across maturities, with analysts linking the borrowing to a widening budget deficit amid US-Iran conflict disruptions. Hormuz Shipping & Oil Markets: Oil prices slid to multi-month lows as tankers continued transiting Hormuz and supply fears eased, while Middle East fuel oil exports were set to rebound in June but still remain below pre-war levels. KOC Environmental Contract: Kuwait Oil Company awarded a five-year drilling cuttings treatment service contract to China’s Jereh NER, valued at over RMB100mn, aiming to cut energy use and improve compliance. GCC Labour Costs: A GCC domestic worker salary report says Kuwait remains among the more affordable markets for employers, with wage levels and recruitment fees adjusted over recent years. Regional Security Cooperation: Kuwait’s Emir held talks with the US Secretary of State on de-escalation and regional stability, underscoring ongoing coordination on Middle East crises.