US-Iran Deadlock: A 60-day Trump-Iran deadline for a long-term peace framework expired Monday with talks stalled and both sides farther apart, as Washington keeps a naval blockade and Iran warns it may go on the offensive if diplomacy fails—keeping the Strait of Hormuz and global energy flows under pressure. Strait of Hormuz Tensions: Trump again threatened Oman over its role in Hormuz shipping talks, while shipping data showed traffic slowing sharply after tanker attacks, adding to crude-price volatility. Yemen Frontline Escalation: Yemen’s army said it carried out 133 operations against Houthi positions in 24 hours, as the Houthis claimed missile strikes on Saudi military vessels off Mocha and reported attacks that damaged Al‑Aradhi port facilities near Bab al‑Mandeb. Port and Trade Impact: Mocha port operations have been disrupted amid repeated Houthi strikes, with reported infrastructure damage and losses, raising risks for Red Sea and Bab al‑Mandeb trade. Maritime Security Widening: Djibouti Code of Conduct states moved to counter renewed piracy in the Western Indian Ocean and Gulf of Aden, after pirates seized a cargo ship off Somalia—adding another layer of risk for shipping already squeezed by Hormuz and Red Sea threats. Local Business Pulse: Sana’a’s Yemen Telecom Corporate Football Championship opened with three wins and one draw across matches involving Yemen Kuwait Bank, Flosak Wallet, TeleYemen, and the Ministry of Finance. Markets: US stocks slid as oil jumped on renewed Middle East escalation fears, with bond yields rising alongside crude prices.