G7 Sanctions & Energy Shock: G7 leaders in France backed stronger sanctions on Russia, while also signaling support for a US-Iran deal aimed at reopening the Strait of Hormuz—an oil lifeline for global trade. US-Iran MoU in Switzerland: The interim framework is set to be formally signed in Switzerland (Bürgenstock) on June 19, with waivers for Iranian oil exports and a phased path toward sanctions relief and frozen-asset access—though nuclear and security details remain contested. Shipping Reality Check: Analysts and officials warn Hormuz normalization won’t be instant; mines clearance, infrastructure repair, and gradual tanker returns could keep costs and supply-chain pressure elevated for weeks. Swiss Law Enforcement: Swiss police, with Europol and Fedpol support, helped dismantle a Europe-wide arms-smuggling ring, seizing €1.2m+ and arresting 10 suspects linked to counterfeit firearms. Pharma Regulation (Switzerland in the mix): Korea completed a first international joint biopharmaceutical review with European and global regulators, including Switzerland, under an EMA-led framework to speed multi-market approvals. Tech & Industry: Snap unveiled its SPECS AR glasses (Swiss TR90 polymer), while a Swiss university team reported a new “blue capacitor” concept using charge-carrying water trapped in nanometer clay channels. Construction Risk (Switzerland): Zurich research warns of a new “risk cocktail” in construction, highlighting how project execution and safety pressures are converging.