<p><strong>GLOBAL: Iran claimed that it had attacked 10 ships near the Strait of Hormuz, </strong>while Iran-aligned Houthi forces seized control of Yemen's Port of Mocha, raising the risk of shipping disruptions.&nbsp;</p>

<p><strong>Market impact: US equities closed lower while Treasury yields climbed sharply </strong>as oil prices rose above USD 109 per barrel.&nbsp;</p>

<p><strong>Further tanker attacks appear likely in the near term, </strong>as both the US and Iran continue to signal willingness to escalate while the conflict broadens in scope.&nbsp;</p>

<p><strong>LOCAL: Foreign direct investment net inflows jumped 35.1% year-on-year to USD 447 million in June, </strong>driven by stronger foreign investments in equity capital and intercompany lending.&nbsp;</p>

<p><strong>Market impact: The PSEi retreated to the 6,000 level while the peso weakened </strong>amid a sharp rise in oil prices.&nbsp;</p>

<p><strong>Continued improvements in infrastructure, ease of doing business, </strong>regulatory consistency, and political stability will remain critical factors influencing foreign investors' decisions. &nbsp;</p>