US-Iran Mediation in Switzerland Hits a Wall: Switzerland says the planned Friday talks to implement the US-Iran 14-point framework are postponed after Vice President JD Vance cancels his trip, with the White House citing “logistics” and Iran offering no confirmation—while Israel’s strikes in Lebanon keep casting doubt on whether the ceasefire can hold. Energy & Shipping Ripple Effects: With the Strait of Hormuz reopening after the interim deal, oil prices slip on improved supply expectations, but traders are still waiting for “hard evidence” that tanker traffic is truly normal again. Construction Risk Management: Zurich Insurance warns that climate extremes, labour shortages, cyber threats and financial vulnerabilities are converging in construction—pushing resilience into project design early, because “if a project is not insurable, it will not be financed.” Renewables Deal in Germany: Amazon and Skyborn Renewables sign a 600MW offshore wind PPA for the Gennaker project, billed as Germany’s biggest individual PPA, with commissioning targeted for end-2028. Lithium Investment Search: Ganfeng Lithium and Swiss partner Lithium Argentina seek a third investor for a major Argentina lithium project, aiming to scale output in the “Lithium Triangle.” Swiss Connectivity: China Eastern launches direct Shanghai–Zurich flights three times weekly, boosting trade and tourism links.