Global Economy Shock: The World Bank cut 2026 growth to 2.5% as the Middle East conflict drags on energy, inflation and borrowing costs, warning growth could fall to 1.3% if disruptions worsen. Energy Security: A Strait of Hormuz crisis is pushing countries to rethink energy routes, with pipelines gaining renewed focus as shipping chokepoints face geopolitical risk. Climate Watch: A new climate monitoring study warns the 1.5C warming limit is set to be breached by 2030, with record human-driven heat and worsening ocean heatwaves. West Asia Maritime Tensions: India protested US strikes after multiple attacks on Indian-crewed tankers near Oman left sailors dead and others evacuated, with calls for dialogue and safety for seafarers. Asia-Pacific Diplomacy & Trade: Malaysia and Japan agreed to deepen AI, semiconductors and LNG ties; UN-Habitat and ADB launched a partnership to scale affordable, climate-resilient urban development across Asia and the Pacific. China-Linked Business Moves: China Resources New Energy filed for a large Shenzhen IPO to fund wind and solar projects, while China’s auto market saw May production and sales soften but overseas shipments stay strong. India Politics & Youth: India’s Cockroach Janta Party kicked off nationwide youth protests over exam irregularities, unemployment and living costs. Wealth & Mobility: Hong Kong wealth managers see demand growth as iCapital expands, while India’s next-gen UHNW clients push for participation over passive inheritance.