US-Iran Deal & Yemen Trade/Shipping: The US and Iran signed a 14-point memorandum to end the war, reopen the Strait of Hormuz, ease sanctions and restart nuclear talks within 60 days, but key issues remain vague—especially Iran’s nuclear enrichment level, missiles and regional proxy activity—while Israel faces domestic backlash over what critics call major concessions and unresolved security gaps. Regional Security Spillover: Reuters reports Iran’s IRGC has set up secretive new drone-attack cells in Iraq targeting Gulf states hosting US forces, signaling a shift in tactics even as diplomacy moves forward. Yemen Infrastructure Under Strain: In Taiz, the Houthis detonated the Kamb al-Rous Bridge, adding to repeated damage to roads and public facilities that disrupt civilian life and commerce. Humanitarian & Social Risks: UNICEF warns child labor is rising in Yemen, with 3.2 million children out of school and conflict plus poverty pushing more kids into work. Food Crisis Pressure: UN food agencies flag Yemen among 13 acute hunger hotspots where conditions are expected to worsen between June and November 2026 amid funding shortfalls and conflict. Maritime Economy: Somali pirates reportedly raised ransom for Egyptian sailors held off Yemen from $2m to $3m, prolonging uncertainty for shipping and regional risk costs. Development Finance: The IsDB launched its 3R (Response, Recovery, Resilience) Facility in Baku to help crisis-hit member countries bridge financing gaps and build resilience.