Middle East Shipping Shock: The US carried out its 13th straight night of strikes on Iran, aiming to reduce threats to commercial vessels in the Strait of Hormuz as Bahrain activated sirens and explosions were reported near key maritime areas. Red Sea Escalation: Iran-backed Houthis claimed attacks on Saudi oil tankers and warned of further action around Bab al-Mandeb, prompting route changes and more caution from shipping firms. Energy Costs Ripple Through Logistics: Oil jumped above $100 a barrel as tanker traffic fell and insurance and shipping costs surged—analysts warn refined fuel and freight costs are rising even faster, feeding into higher prices for goods from food to school supplies. Policy and Trade Pressure: Trump said the US would compensate shipping damage using frozen Iranian assets, drawing a sharp rebuke from Tehran as an “incendiary precedent,” while the US also moved to extend broad tariff hikes despite legal and political backlash. Port and Route Rebalancing: Shanghai unveiled plans to build a more resilient, smarter international shipping hub by 2030, as global trade routes keep getting reshuffled by chokepoint risk. Energy Storage Dealmaking: Brookfield agreed to buy Aypa Power in a ~$7B battery storage deal, signaling continued investment in grid flexibility that logistics and energy supply chains increasingly depend on.