Energy & Infrastructure Risk: Iran shut the Strait of Hormuz to all shipping after U.S. airstrikes, raising fears of a major oil shock and spiking insurance and shipping disruptions—an immediate headwind for construction and real estate financing across the region. Construction Costs: U.S. data shows construction input prices jumped 2.6% in May and are up 9.6% year-on-year, with fuel and metals (tariff-sensitive steel/copper) driving margin pressure—likely to echo in MENA projects where materials are imported or linked to global benchmarks. GCC Real Estate/Logistics: GFH Bank signed an MoU with OCTO to develop a $300m logistics and industrial real estate platform across the UAE and Saudi Arabia, targeting large-format warehousing and distribution centers. Egypt Power Grid Buildout: Korra Energi’s consortium won $58m in Egypt transmission contracts to connect Gulf of Suez wind farms to the national grid, supporting renewable-linked industrial demand. Urban Heritage & Recovery: Syria’s Umayyad Mosque restoration story highlights how heritage-led tourism could become a real estate and urban regeneration lever in post-Assad Damascus. Controversy in Property Marketing: London Mayor Sadiq Khan condemned a “Great Israeli Real Estate” event tied to West Bank settlement land sales, adding political risk to cross-border property promotion. Market Sentiment: Stocks and oil swung on shifting Iran-US deal signals, underscoring how quickly regional real estate demand and capital flows can react to geopolitics.