Red Sea Shipping Shock: Houthis’ “maritime embargo” against Saudi Arabia is already reshaping routes, with at least seven oil tankers making U-turns near Yemen and Kpler warning of a possible “double choke point” as Bab al-Mandab traffic also falls sharply. Hormuz Deterrence: US Secretary of State Marco Rubio told ASEAN in Manila that any Iranian move to control the Strait of Hormuz would set a dangerous precedent, as the US continues strikes aimed at reducing threats to commercial shipping. Fuel Prices Ripple: Malaysia’s Finance Ministry says RON97/RON95 and diesel retail prices will rise from July 23-29, citing higher Brent after West Asia tensions and Strait of Hormuz disruption concerns. Rail Connectivity Push: Afghanistan and Uzbekistan renewed talks on railway cooperation, including feasibility work for the Trans-Afghan corridor and Herat–Mazar-e-Sharif planning. India Electrification & Charging: India says it has electrified 99.6% of its broad gauge network, while the government allocated Rs 2,912.50 crore to expand EV charging under FAME-II and PM E-DRIVE. Cold-Chain Cyber Disruption: Japan’s Nichirei, a major refrigerated logistics provider for food chains like KFC Japan, says a cyber attack could trigger temporary closures or menu limits due to delivery disruptions. Maritime Trade Upgrade: Satellite imagery suggests North Korea’s new Yalu River bridge near Dandong is nearing completion, potentially boosting China-North Korea trade capacity as early as autumn 2026.