Oil Market & SPR: U.S. Energy Secretary Chris Wright says companies borrowing from the Strategic Petroleum Reserve will repay with premiums after the Iran conflict ends, adding 40 million barrels back to the SPR at “no cost” to taxpayers. Middle East Shipping & Prices: Brent and WTI fell on Friday as traders saw de-escalation odds improve, while Oman said crude loading at Mina al Fahal was disrupted after an explosion report. Arctic Drilling Push Hits Wall: Trump’s Alaska Arctic National Wildlife Refuge lease auction drew only nine bids for about 10% of available land, with no major international oil firms participating. Coal Safety: Colombia’s illegal coal mine blast in Sutatausa killed seven workers after methane buildup, renewing scrutiny of safety lapses in the sector. Energy Crime Crackdown: Nigeria’s naval chief says oil theft networks are structured to hide the real beneficiaries, with arrests often limited to low-level operatives. Nuclear Momentum: Antares’ Mark-0 microreactor reached initial fueled criticality at Idaho National Laboratory, while Uzbekistan began construction of its first nuclear power plant and Japan proposed replacing 11–14 reactors by the 2050s. India Biofuels: India launched its first E85 fuel pump, aiming to expand ethanol blending via hundreds of pumps by end-2026. LNG Investment: Delfin Midstream secured $5B financing for a floating LNG terminal off Louisiana, targeting 4.4 million tons annually initially. Oil & Gas Discoveries: Oil India reported a second natural gas discovery in the Andaman offshore block, boosting exploration prospects.