Oman condemned an early-morning military attack on Kuwaiti territory, the Omani news agency reported.

Bahrain’s Defence Force General Command said on the 28th its air-defence systems intercepted and destroyed missiles and drones launched from Iran. The command said Iran continued hostile actions, including missile and drone strikes targeting Bahraini civilians, and that defence units are at highest alert and fully prepared. The Interior Ministry said the incident damaged a residential building in Muharraq governorate with no fatalities; authorities are responding on site.

Huatai Securities reports May industrial profits rose 21.1% YoY, easing from April’s 24.7% but above Q1’s 15.5%; revenue growth continued to recover, indicating broad improvement. Energy and AI-related chains were the primary profit supports. A blockade of the Strait of Hormuz now exceeding three months has intensified supply shocks, eroding capacity utilization at some mid‑ and downstream firms and widening industry divergence. Oil prices edged down in May, but upstream petrochemical profit growth remained elevated. Electronics/computers, driven by strong global AI investment, led profit and revenue gains; its contribution to aggregate industrial profits rose from 6.7ppt to 9.6ppt. Nonferrous smelting and chemical products contributed 6.4ppt and 4.2ppt respectively; the three sectors together added about 20.2ppt. Domestic-demand downstream manufacturing profit growth remained weak, with autos and furniture seeing larger declines.