US-Iran Escalation: The US launched fresh airstrikes on Iran’s Revolutionary Guard after two US service members were killed and another went missing in an attack on a Jordan base, with CENTCOM saying the goal is to degrade Iran’s ability to threaten shipping through the Strait of Hormuz. Kuwait Hit by Retaliation: Kuwait reported air defence activity against hostile missile and drone threats and said Iranian strikes targeted power and water infrastructure, while Kuwait Petroleum Corporation said its facilities were damaged and workers were injured. Water Crisis in Iran: Iran said a US strike destroyed parts of the Bunji desalination system in Jask, leaving about 10,000 people without drinking water in 20 villages, as both sides trade strikes on civilian infrastructure. Oil Market Watch: Analysts said crude prices are likely to stay elevated as geopolitical risk premiums build, with Brent around $88 and markets bracing for prolonged disruption. Youth Banking Push: Gulf Bank launched “red’y to impress,” combining its red youth proposition with Gulf Points for students and young customers. Capital Markets Awards: National Investments Company (NIC) won Euromoney’s Best Investment Bank in Kuwait for Equity Capital Markets 2026, while Markaz also received Euromoney recognition. Local Industry Compliance: Kuwait’s Public Authority for Industry urged occupants of industrial plot setbacks to vacate and remove unauthorized structures after a Cabinet resolution assigned Kuwait Municipality temporary storage permits and enforcement.