US-Iran Deal Watch: The US says Strait of Hormuz transit will be toll-free under the new Iran MoU, while benefits like a reported $300bn reconstruction fund are “tied to performance”; Trump and Iran also say ships have started moving again, with Iranian media reporting five vessels already passed after the US lifted its naval blockade. Gulf Security & Diplomacy: Vance warned the US could resume bombing if Iran breaks commitments, as Gulf states remain wary; Qatar and Pakistan are credited with mediation momentum ahead of a Geneva signing. Israel-Lebanon Friction: Trump urged Israel to stop attacks in Lebanon to protect the deal, but Netanyahu signaled Israel won’t withdraw from Lebanon and will keep acting against Hezbollah, keeping the truce’s durability in doubt. Egypt Trade & Investment: Egypt’s parliament approved accession to the D-8 PTA; GAFI met Singapore to boost FDI, while China’s Zhejiang Hongda is set to invest $20m in a textile plant in West Qantara. Egypt Economy & Media/Marcom Angle: Central Bank of Egypt net foreign assets edged up to $15.22bn in May; Egypt launched a mobile app for real estate tax services, and the Egyptian Fan Zone drew World Cup crowds in the new administrative capital. Sports as Politics: Iran’s World Cup opener against New Zealand in LA sparked diaspora protest displays (Lion and Sun flag, banners), while Iran’s coach complained the team was ordered to leave the US immediately after the match.