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🇨🇭Swiss Federal Department for Economic Affairs, Education and Research updates Annex 1 of Myanmar sanctions ordinance

Swiss financial intermediaries must freeze assets of newly listed Myanmar-sanctioned parties and report affected business relationships to SECO — effective 23:00 on 2 June 2026; SECO reporting does not discharge the separate GwG AML reporting obligation.

🇮🇳Oil majors and trading houses suspend shipments through Strait of Hormuz

Major oil companies and trading houses suspended crude oil, fuel and liquefied natural gas (LNG) shipments through the Strait of Hormuz and adjacent Gulf waters, with multiple vessels sheltering or queuing near Fujairah.