Oil & Gas Shock: Oil pushed back above $90 as US-Iran tensions flared, with Iran-linked claims of tanker explosions and renewed strikes keeping markets jumpy; the move dragged the Indian rupee to a two-month low near 96.4450 and lifted US gas back to about $4 a gallon. EU Methane Rules: The European Commission told EU governments to waive methane-law penalties for 2027-2029 breaches to avoid supply disruptions, after US pressure to roll back parts of the regime. Power Prices Under Strain: In the Philippines, DOE data points to higher June residential tariffs in the Visayas amid grid instability and generation costs, while Namibia approved a moderated 3.7% bulk tariff rise from Aug. 1. Grid & Storage Buildout: India’s Midwest Energy started commercial production at a 1.2 GWh BESS factory in Bengaluru, while Bondada Engineering won an EPC deal for a 100 MWh vanadium redox flow battery at NTPC’s Khavda Solar Park. Regional Gas Corridors: ECOWAS cleared a Nigeria–Morocco gas pipeline plan (about $27bn, aiming for first deliveries in 2031), and Turkey began building a pipeline to northern Cyprus with a longer-term reverse-flow concept toward Europe. Renewables on the Ground: Eleven Power said it will invest INR 4,700 crore in a renewable-led parallel distribution network in Gurugram and Nuh, and KPI Green Energy secured charging permission for a 100 MW/128 MW solar PV project for MAHAGENCO in Nagpur. Hydrogen Demo: Japan’s TANAKA H2 Nexus started operating a 500 kW pure-hydrogen fuel cell power unit as a hydrogen adoption and tech-development platform.