Black Sea Trade Under Pressure: Russia and Ukraine escalated attacks on commercial shipping, with Russia claiming strikes on a dry cargo vessel near Odesa and fuel storage tanks at Chornomorsk, while Ukraine and Russia both reported multiple hits on grain-linked bulkers over the past days; among the vessels mentioned was a San Marino-flagged ship (Necibe) reportedly attacked ahead of loading wheat, underscoring how quickly maritime routes tied to food exports can be disrupted. Aviation Fleet Update: Air France extended the service life of its Airbus A318-100s, keeping the smallest A320-family variant flying longer than planned and pushing retirement to late March 2027 as it transitions toward the A220-300. Working Holiday Visa Shockwaves: Australia paused new first-time Work and Holiday (subclass 462) applications from 24 countries, while San Marino remains open, raising uncertainty for tourism and seasonal labour planning in partner markets. San Marino Aviation Scrutiny: Italy stepped up enforcement against foreign-registered general aviation aircraft, with warnings that inspections increasingly target U.S. N-numbers and also San Marino T7 registrations.