Oil Market & Geopolitics: Oil prices jumped after Trump rejected an Iran truce and signaled continued pressure around the Strait of Hormuz, while Iran claimed attacks near the waterway and warned warships were pushed back. US-Iran Nuclear Talks: Trump is reportedly open to Iran sanctions relief and release of frozen funds if Tehran shows “concrete progress” on nuclear issues, with mediators pushing for renewed talks. OPEC+ Stability: OPEC’s Haitham Al-Ghais told Algeria that market stability depends on trust, cooperation, and the OPEC+ framework, linking supply security to investment and economic stability. Saudi Supply Resilience: Saudi Aramco resumed oil exports via the East-West pipeline after repairs from earlier drone strikes, restoring an alternative route for buyers. Gas & Power Infrastructure: Nepal’s floods caused about Rs 74bn in preliminary damage to power assets, and the NEA plans to import up to 1,154 MW from India during the 2027 dry season. Regulation & Costs: The ECB’s Lagarde warned higher energy prices are raising euro-area inflation risks; in Texas, Xcel Energy proposed a large-load tariff so data centers pay for grid upgrades. Legal & Climate: US Supreme Court Justice Samuel Alito recused himself from a major climate case involving Exxon and Suncor after complaints about his oil-and-gas holdings. Energy Efficiency: Vermont State University won an Efficiency Vermont award for projects expected to save over $600,000 annually. Research: Scientists reported perovskite solar cells generating power 10 meters underwater, aimed at long-term offshore monitoring.