Hormuz Corridor Diplomacy: Iran and Oman agreed to pursue a temporary Strait of Hormuz shipping corridor and mine-clearing talks, aiming to stabilize traffic as China rejects US sanctions pressure. Global Food & Trade Risk: UN chief António Guterres warned that disruptions in choke points like Hormuz are choking global trade and squeezing the food system, pushing up shipping and fertilizer costs. Seafarer Safety Push: Shipping executive Mark O’Neil urged enforceable protections for crews in conflict zones after the death of a chief engineer in the Strait of Hormuz. Port & Carrier Moves: MSC is partially resuming Suez Canal transits as carrier cascade effects widen, while container and LNG trade signals keep investors watching. Digital Trade Paperwork: POSCO International launched an e-bill of lading consortium with ZIM, banks and logistics partners to digitize issuance and trading. Local Logistics Pressure: LA’s Boyle Heights warehouse rebuild permits are being challenged after a cold-storage fire, with regulators seeking tougher fines and cleanup accountability. Public Transport Funding Fallout: Victoria’s Suburban Rail Loop probe says a secret 1% fare levy funded the project, raising transparency and delivery concerns. Road Disruption Notices: Winter storm impacts in New Zealand are closing and warning on key highways, while multiple US roadworks and closures continue to affect freight and commuting routes.