Oil Markets: Brent slid back to the low $70s after surging above $120 during the Strait of Hormuz closure, but analysts warn the drop reflects easing expectations more than fully restored shipping—tanker delays and fragile diplomacy still pose risks. Seychelles–India Diplomacy: Seychelles says a draft citation for PM Narendra Modi’s “Guardian of the Blue Horizon” honour—circulated online—was not approved for release and contained typos, including on the seal, after social media flagged errors and possible AI generation. Digital Payments & Trade: India and Seychelles signed an MoU to deploy UPI digital payments infrastructure, with live use expected later, alongside broader cooperation pacts during Modi’s visit. Agriculture Research: ICAR and Seychelles’ Agriculture Department signed an MoU and 2026–2031 work plan to boost climate-smart farming, horticulture, post-harvest, livestock and food security through joint research and scientist exchanges. Tourism Pressure: Seychelles recorded 27,201 visitors in May 2026 (down 3.4% y/y), with stopover arrivals down 11.7% in Jan–May; the IMF cited exposure to weaker Gulf aviation links and imported energy/food costs. Maritime Security Hardware: During Modi’s June 27–29 visit, India handed over a “Made in India” fast patrol vessel plus ambulances, utility vehicles and laser-guided boats to strengthen Seychelles’ EEZ surveillance. Business & Investment: Seychelles’ tourism slowdown comes as the wider region watches investment risk and resilience trends, while UPI momentum continues despite a June dip in India’s transaction volumes.