BRICS & Trade Infrastructure: At the New Delhi BRICS summit, leaders adopted the New Delhi Declaration 2026 and pushed a payments push to settle cross-border trade in national currencies, including interoperability linking India’s UPI, China’s CIPS and Russia’s SPFS—framed as a way to reduce reliance on the dollar and Western rails. Lebanon’s Security & Industry Fallout: Israel’s IDF said it destroyed Hezbollah’s underground complex on Ali al-Taher Ridge and is repositioning along a “yellow line” security demarcation, while southern Lebanon residents face uncertainty over return and rebuilding as home razing and shelling continue. Food Prices & Fuel Shock in Lebanon: A new Lebanon-focused cost-of-living report links steep food inflation to fuel costs jumping more than 80%, squeezing household budgets across basics like beef, potatoes, lamb, sardines, oil and cheese. Red Sea Shipping Risk (Yemen): Yemen’s Houthis advanced to seize Mocha and fortify positions overlooking Bab al-Mandab, raising fears of renewed disruption to a key global shipping corridor that already matters for energy and logistics costs. Humanitarian & Compliance Pressure: Human Rights Watch said Israel used white phosphorus 23 times in Lebanon between March and May, urging tighter rules and stronger international controls. Tech/Consumer Supply Chain Note: SHEIN announced it has established Lebanon, Indiana fulfillment operations with an automated center, signaling continued growth in consumer logistics capacity.