Energy & Shipping: Oil slid as Strait of Hormuz traffic began to normalise after an interim US-Iran deal, but analysts warn shipping won’t fully return to normal for months due to about 80 mines still to be cleared; supertankers with ~80m barrels are poised to cross, while Singapore-linked transshipment routes are among those watching closely. Green Industry: Steel associations in Singapore warned green steel progress is stalling—about half of planned projects are delayed and governments’ funding is far below what’s needed, with demand still unwilling to pay a premium. Biotech & Clinical Trials: Avance Clinical announced expansion of Asia Pacific and China operations, adding Singapore and Malaysia clinical teams and scaling mainland China (Shanghai/Beijing) to serve faster trial timelines. Trade & Food Safety: China rejected Indian chilli shipments over pesticide residue concerns, adding pressure on exporters as Singapore also previously issued recalls over spice contamination. Fintech & Markets: Longbridge Group opened a new Singapore HQ at Asia Square, signalling deeper commitment to its securities, technology and AI platforms. Business & Wellness: Therme Singapore broke ground for a 2030 Marina South wellness destination, while Emirates added four weekly flights to Ghana from July 12, boosting connectivity to hubs including Singapore. Regional Security: ASEAN-Russia ties advanced at the Kazan summit with a declaration covering cooperation through 2030, as leaders discussed security, trade and connectivity.