Textile & Jobs: Ilham Aliyev inaugurated “Garabagh Textile House” LLC in Khojaly, a plant using Turkish and Chinese tech to produce 1.4m textile items a year, with 85 permanent jobs now and plans to reach 200 as garment production expands. Reconstruction in Shusha: Aliyev also inspected restoration in Boyuk Galaderesi village, including power, gas, drinking water, communications and road works for returning residents. Energy Markets: Azeri Light oil price slipped 3.9% to about $102.3/bbl as global prices eased. SOCAR Expansion: SOCAR President Rovshan Najaf met Italy’s energy and enterprise ministers in Rome, highlighted SOCAR’s Italy growth after acquiring shares in Italiana Petroli, and presented SOCAR Italia. Trade Diplomacy: Azerbaijan’s ambassador to Malaysia said Baku wants stronger economic, trade and investment ties, with Economy Minister Mikayil Jabbarov expected to lead a delegation soon. Regional Pressure on Trade: Russia moved to restrict Armenian fruit and vegetable imports from May 30, citing alleged quality and safety violations—another sign of worsening Moscow–Yerevan frictions. Azerbaijan–Georgia Connectivity: New Georgia–Azerbaijan deals include long-term electricity and gas frameworks plus restored daily rail service, while texts remain undisclosed amid energy-security concerns. Finance/Compliance: The US Treasury extended by one month a license tied to Lukoil foreign-asset transactions, affecting assets linked to Azerbaijan among other countries.