Hormuz Crisis Hits UAE Shipping: The UAE says Iranian cruise missiles struck two national tankers, Mombasa and Al Bahiyah, in the Strait of Hormuz while transiting Omani waters, killing one Indian crew member and injuring eight others; the UAE condemned the attack as a grave breach of international law and warned it reserves the right to respond. US-Iran Escalation: Hours after Trump said the US is reinstating a blockade and floated a 20% fee for safe passage, Washington launched a third consecutive night of strikes on Iran, while Iran declared the strait closed and reported explosions along the southern coast. Regional Spillover: Jordan said it intercepted four Iranian missiles as Iran also targeted Bahrain, underscoring how the conflict is widening beyond the waterway. Gulf Political-Economic Friction: Separate reporting says Saudi banks have blocked or delayed payments to UAE accounts since May, with Riyadh denying direct restrictions—another sign of strain between the two Gulf partners. Abu Dhabi Energy Milestone: Masdar reached financial close on a US$6.1bn gigascale 24/7 clean energy project in Abu Dhabi, backed by a consortium of major banks. UAE in the Global Spotlight (Business & Tech): The week also featured Abu Dhabi-linked investment activity and AI/tech partnerships, but the dominant UAE political story remains Hormuz and its knock-on effects.