US-Iran Oil Shock: Fresh US strikes on Larak Island and Iranian retaliation in Jordan are pushing crude back above $90 a barrel, reviving Strait of Hormuz supply fears and weighing on global stocks. Venezuela Oil Deal: Trump says the US will use Venezuelan crude to refill the Strategic Petroleum Reserve, while the WSJ reports Washington will take a 35% stake in a private venture tied to rights over 17 Venezuelan oil fields—though development speed remains unclear. Grid Stress & Outages: Crimea’s occupation authorities announced daytime power cuts, while India reported a fatal dispute involving an electricity cable in Etawah and multiple regions facing outages and grid strain. Rooftop Solar Push: GK Energy won an INR 454.5 crore empanelment for 100 MW of rooftop solar across 100,000 households, with fast installation and five years of O&M. Solar Farm Scrutiny: Norfolk’s proposed Droves Solar Farm hearings resume in September amid heritage, environment, and radar-glare concerns. Battery & Storage Business: Wärtsilä highlights shifting storage revenue away from fast grid services toward arbitrage as developers chase new ways to monetize flexibility. Policy & Insurance: California lawmakers advanced wildfire-response changes that keep utility liability intact while tightening safety accountability and limiting certain insurer legal moves. Renewables Finance: Egypt and Masdar are accelerating wind, solar and battery projects toward a 45% clean power target by 2028.