Iran Funeral & Regional Tensions: Iran began six days of state funeral ceremonies for slain Supreme Leader Ali Khamenei in Tehran, with huge crowds expected and attention on whether his successor son Mojtaba appears, as officials project unity amid a fragile ceasefire and ongoing US–Iran conflict. NATO Ankara Summit: Ahead of NATO’s Ankara summit on July 7–8, Turkey’s role is highlighted as alliance leaders focus on sustained Ukraine support, defense spending, and force posture changes. Strait of Hormuz Security: France and the UK are stepping up maritime security efforts around the Strait of Hormuz, while Iran issues fresh directives to oil tankers amid continued geopolitical uncertainty. Oman Water Deal: Oman’s Nama Water Services won a major 15-year performance-based contract worth about RO 900 million to run water and wastewater services and cut unaccounted-for losses for millions in Muscat and Sharqiyah. Sharjah Tourism Partnership: Shurooq signed with Minor Hotels to manage the Sharjah Collection, adding operational oversight for seven nature and heritage retreats. UAE Health & Genomics Push: Abu Dhabi’s Department of Health expanded intelligent life sciences partnerships in the US, boosting genomics, AI, advanced therapeutics, and precision medicine ties. Fuel Price Watch: In the Philippines, diesel may rise next week as Middle East outflows stay volatile; in Taiwan, CPC cut gasoline and diesel after crude eased, showing how regional shocks keep rippling into local pumps. Travel & Business Links: AJet launched a new Ankara–St. Petersburg route, while TUI updated UK holiday guidance as Middle East disruption eases. Markets & Energy Signals: Gold’s safe-haven appeal is shifting during the Iran war, and oil-price moves continue to shape inflation and investment decisions across the region.