Gulf Security Escalation: Bahrain again sounded air-raid sirens as Iran and the US traded strikes after a US Apache helicopter was downed near the Strait of Hormuz, with Iran’s IRGC claiming a drone attack on the US Fifth Fleet in Bahrain and warning of “heavier responses” if attacks continue. Regional Diplomacy & Ceasefire Strain: Iran said the US strikes violated UN rules and urged Gulf states to stop hosting US operations, while the US described its actions as “self-defence” and “proportional,” as hopes for a lasting deal after April’s ceasefire appeared to fade. Economic Fallout: Analysts warned the conflict is hitting Persian Gulf economies through disrupted shipping and damage to infrastructure, with markets reacting and oil prices moving on renewed fears around Hormuz. Local Development: Bahrain’s Municipalities Affairs and Agriculture Ministry backed phased plans for a major Dair and Samaheej waterfront and beach project, set to be offered to private investors this month. Aviation & Tourism: Bahrain is pushing more budget flights, with the transport minister citing steps to bring low-cost travel options and expand routes. Capital Markets Integration: The GCC Financial Markets Committee advanced the GCC Unified Investor Number (GCC-NIN) plan, aimed at simplifying cross-border investor identification across GCC bourses. Weekend Life: A Bahrain weekend guide highlighted family-friendly events, including a clothing swap, run-and-kayak session, and football match screenings.