Energy & Shipping Shock: Iran’s newly created Persian Gulf Strait Authority announced a full closure of the Strait of Hormuz to all shipping, escalating the US-Iran standoff and raising fears of major supply disruption as global oil markets brace for volatility. KPC Oil Strategy: Kuwait Petroleum Corp. offered crude to Asian buyers directly for the first time since the 1990-91 Gulf War, signaling a shift in sales strategy amid regional conflict and market pressure. Investor Residency Rules: Kuwait issued a framework for long-term residency permits for foreign investors, allowing up to 15 years for eligible categories under strict legal and compliance conditions. AI Infrastructure Push: KKR launched Helix Digital Infrastructure with $10bn in funding led by Adam Selipsky, backed by NVIDIA, Vistra and the Kuwait Investment Authority, aiming to build AI power and data backbone. Banking for Retirees: NBK expanded its retirees’ “Experienced Individuals” package with higher deposit returns, lifetime free credit cards and home banking services. Trade & Travel Friction: Kuwait temporarily suspended commercial visit visas, disrupting short-term business travel, while PAM reminded employers to use a temporary labour transfer grace period before June 30. Regional Diplomacy: Qatar and Kuwait voiced support for US-Iran nuclear talks, urging dialogue toward a breakthrough. Community & Markets: Boursa Kuwait and Kuwait Clearing Company ran a blood donation drive for World Blood Donor Day, linking capital markets with healthcare support.