{"id":115904,"date":"2026-06-19T00:00:00","date_gmt":"2026-06-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/menaplus\/?p=115904"},"modified":"2026-06-19T07:50:42","modified_gmt":"2026-06-19T07:50:42","slug":"exhale-but-dont-unclench","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/menaplus\/2026\/06\/19\/exhale-but-dont-unclench\/","title":{"rendered":"Exhale, but don\u2019t unclench"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends.<\/strong> After weeks of holding our collective breath, the region is finally exhaling. The interim US-Iran peace agreement <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-06-18\/us-ends-hormuz-blockade-downplays-tolls-as-negotiations-restart?srnd=homepage-middle-east\" style=\"\">took effect<\/a> yesterday, shipping is trickling back through the Strait of Hormuz, and the DFM celebrated by rallying 2.5% to its highest close since before the war \u2014 dragging itself back into positive YTD territory in the process. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s the kind of morning where you let yourself feel cautiously optimistic<\/strong>, but then immediately find reasons to worry again. The Strait may be open (<a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/world\/strait-of-hormuz-tracker-vis\" style=\"\">seven vessels crossed yesterday<\/a>) but US-Iran talks that were penciled in for today are off, and Israel seems to have decided it wants no part in the peace. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Elsewhere, we\u2019re keeping an eye on SpaceX, which is lining up a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/8b73b4ce-3855-4b89-9110-3d892567f28a?syn-25a6b1a6=1\" style=\"\">USD 20 bn bond sale<\/a><\/strong><strong> as <\/strong><strong>soon as next week<\/strong> \u2014 days after pulling in USD 86 bn in the biggest IPO in history \u2014 to clear the bridge loan from March\u2019s xAI-X merger. Moody\u2019s handed it an investment-grade Baa1 on Thursday, with a caveat about \u201celevated execution and financial risks\u201d: the company burned USD 6.4 bn last year and is still cash-flow negative. A USD 2.4 tn close on Thursday, good for sixth-largest company on the planet, apparently buys a lot of benefit of the doubt.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>If you\u2019re a parent \u2014 or just an elder millennial who laments how \u201ckids these days\u201d are <\/strong><strong>growing up with TikTok \u2014 you\u2019ll likely tip your hat this morning to the UAE Cabinet<\/strong>, which <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/c0scy35-uae-cabinet-issues-resolution-regulating-childrens\" style=\"\">decided yesterday<\/a> to set 15 as the minimum age for a social media account. The new resolution allows for no exceptions (not even with parental consent). The move is a first for any Arab country and follows similar rules pushed through in the UK. Platforms have a 12-month grace period to figure out how to enforce the rules. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- Don\u2019t forget to plan something nice for your dad over the weekend<\/strong> \u2014 Father\u2019s Day is this coming Sunday, 21 June. \u2013Salma<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, friends. After weeks of holding our collective breath, the region is finally exhaling. The interim US-Iran peace agreement took effect yesterday, shipping is trickling back through the Strait of Hormuz, and the DFM celebrated by rallying 2.5% to its highest close since before the war \u2014 dragging itself back into positive YTD territory [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2604],"tags":[2538,2800,2603],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-115904","post","type-post","status-publish","format-standard","hentry","category-opening-note","tag-enterpriseam","tag-geopolitics","tag-opening-note","wpautop","entry"],"acf":{"mongo_id":"d108c191-563e-406f-bce5-70310f61b963","order":"1","is_powered_by":false,"story_type":"1","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"Exhale, but don\u2019t unclench","related_issue":[115902],"teaser":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Exhale, but don\u2019t unclench - MENA+ Edition<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/06\/19\/exhale-but-dont-unclench\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exhale, but don\u2019t unclench\" \/>\n<meta property=\"og:description\" content=\"Good morning, friends. 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