US-Iran détente and war-ending incentives: Washington and Tehran agreed on a framework to end their war, including a plan for a $300 billion private investment fund that won’t launch until a final deal is signed, with the Strait of Hormuz reopening and the US blockade ending. AI in lethal operations: The Pentagon disclosed that Elon Musk’s Grok was used in military strikes on Iran, enabling deployment of 2,000 munitions to 2,000 targets in 96 hours under Project Maven. US-China trade blacklist delay: The US held off adding DeepSeek, CXMT and 100+ firms to the Entity List/blacklist despite security concerns, as Washington tries to avoid escalation with Beijing. India defence industrial surge: India reported record FY 2025-26 defence production of Rs 1.78 lakh crore, with private-sector share rising, alongside DRDO’s successful test of an indigenous long-range precision cruise missile. Europe/Ukraine air defence push: G7 leaders agreed to increase air defence, interceptors and long-range strike for Ukraine and are open to licensing weapons production inside Ukraine. Middle East escalation risk: Despite the US-Iran framework, Iran warned of a harsh response if Israel doesn’t halt attacks in Lebanon. Contracting and industrial partnerships: UAE’s EDGE signed Eurosatory deals with Hungary’s 4iG for a non-lethal defence JV and with Naval Group for Skyknight air-defence firing trials; Safran also expanded UAE partnership work on next-gen smart weapons. Turkey air defence procurement: Aselsan won a €780m contract to strengthen Türkiye’s Steel Dome layered air-defence system. Safety and readiness shock: A B-52 crashed shortly after takeoff at Edwards AFB in California, killing all eight aboard.