Monetary Policy: Mongolia’s central bank kept its policy interest rate at 12% after its June 23–24 MPC meeting, citing May inflation at 11.2% and risks from Middle East-linked oil and food price pressures. Defense & Diplomacy: The Cabinet approved a Mongolia–South Korea Defense Cooperation agreement for parliamentary committee review, while Mongolia and Türkiye held their 8th political consultative meeting in Ankara to expand the strategic partnership. Korea Partnership: Prime Minister Uchral met South Korea’s Kim Min-seok to push forward the Economic Partnership Agreement talks and broaden cooperation, including banking and business reforms. India Ties: India’s Jaishankar visited the Sainshand oil refinery site, praising progress on delivered equipment and a nearly completed 520-km crude pipeline. WEF & Green Tech: Uchral met WEF President Alois Zwinggi and sought WEF cooperation on innovation, green development, energy transition, and the digital economy. Food Systems: At Summer Davos in Dalian, Uchral promoted Mongolia’s “Food Revolution” and invited participants to COP17 in August. Regional Role: A former Mongolian PM said Mongolia can act as a “connector” for Korean Peninsula peace through the Ulaanbaatar Dialogue. Energy Risk Watch: A new brief flags Mongolia’s fuel dependence on Russia as a structural vulnerability, even as the domestic refinery could improve supply.