Middle East Energy Shock: US-Iran tensions are pushing fuel costs higher, with Labor Day gasoline prices projected to hit record levels around $4.03–$4.15 a gallon as crude stays above $90 and shipping risks linger around the Strait of Hormuz. Maritime Disruption Watch: UKMTO reported “disabling fire” incidents involving several vessels in the northern Arabian Gulf and Gulf of Oman, urging mariners to stay alert. Oil Retaliation Escalation: The US says it struck three Iranian oil tankers after IRGC ballistic missile attacks on US warships near Hormuz, framing the move as an economic hit to Iran’s oil network. Egypt Economic Reset: Mohamed Maait says Egypt should focus on macro stability and structural reforms after its IMF program ends at end-2026, with continued fiscal-monetary coordination and exchange-rate flexibility. Saudi Enterprise AI Push: Magna AI and Saudi ICT integrator MBUZZ plan to deliver AI infrastructure and transformation services across the Middle East and Africa. Back-to-School Strain in Syria: Damascus families are comparing prices for stationery and school supplies as costs stay high amid economic pressure. Regional Trade Signals: Azerbaijan’s diesel and gasoline shipments to Armenia are sparking price competition discussions online. Banking Spotlight: NBK topped Kuwait’s rankings in The Banker’s Top 100 Arab Banks 2026 list, reinforcing its regional financial strength.