Geopolitics & Oil Markets: Iran’s Persian Gulf Strait Authority says it has fully closed the Strait of Hormuz to shipping after U.S. airstrikes, a move that could sharply disrupt flows and lift prices; even as some reports point to a possible U.S.-Iran memorandum that would reopen the strait and ease sanctions, officials warn details and enforcement still aren’t settled. Power & Grid Resilience: California’s Office of Energy Infrastructure Safety approved Southern California Edison’s wildfire mitigation plan updates, including shifting undergrounding targets and conductor goals. Renewables Momentum: Ember reports wind and solar hit 22% of global electricity in April, overtaking gas for the first time on a monthly basis. Utility Rates & Affordability: Black Hills Energy proposed an electric base-rate update tied to reliability spending, while Georgia’s GOP runoff spotlights voter anger over electricity bills and data-center demand. Energy Projects in Latin America: Venezuela granted Shell a license for the Loran offshore gas field and also created a permanent commission to select contractors for the electricity sector. Local Outages & Recovery: Storms left thousands without power in parts of the U.S., with crews restoring service in multiple communities.