West Asia Shock to Global Economy: The Middle East conflict is turning into a wider energy, shipping, fertilizer, food and financial drag, with the World Bank warning growth could slow further in 2026 as energy disruptions ripple through 2027. Strait of Hormuz Tensions: The US says it downed multiple Iranian drones targeting commercial ships while insisting traffic through the Strait of Hormuz remains open. US-Iran Deal Signals: Pakistan’s PM Shehbaz Sharif says the final text of a US-Iran peace deal has been agreed, as both sides trade claims of progress. India Trade and Inflation Watch: Economists say India’s May retail inflation at 3.93% is still manageable, but West Asia-linked fuel and food costs are a key risk. Export Pressure on Bangladesh: Bangladesh’s foreign minister says the country must compete harder to sustain exports amid slowing growth and rising trade barriers. Energy Corridor Move: BP confirms operational control of the Baku-Supsa pipeline has been transferred back to Azerbaijan and Georgia, underscoring Europe’s push for non-Russian routes. Regional Trade Push: Sri Lanka is moving toward joining RCEP, aiming to diversify exports and tap the bloc’s scale. Tech and Industry in Vietnam: Intel marks 20 years at its Vietnam plant, highlighting major export output and ongoing investment. AI in Asia-Pacific: Beijing’s HOPE embodied ping-pong AI challenge is set to debut at the 2026 World Humanoid Robot Games.