Middle East Supply Shock: Saudi Arabia shut its East-West oil pipeline after drone attacks tied to Iraq, cutting a key route that has been moving about 4–5% of global supply; satellite images showed smoke and officials said injuries and damage were being assessed. Iraq Pushes Back: Iraq seized a drone-launching platform inside its territory used in the attack and said investigations are ongoing, while the prime minister dismissed a commander tied to the incident. Oil Price Pressure: Traders and producers are bracing for a longer US-Iran standoff, with diesel and gasoline costs rising and markets watching chokepoints like Hormuz and Bab el-Mandeb. Europe Gas Cost Politics: A Russian investment chief warned European gas prices could climb toward $1,500 per 1,000 cubic meters, blaming “globalist” policy failures. Iraq Energy Expansion: Iraq signed a 25-year deal to ramp output at the Ajeel oil field, targeting gas up to 300 million standard cubic feet per day and crude up to 40,000 bpd. Local Impacts: Milwaukee residents reported diesel spikes hitting $5.94/gal, with knock-on effects for groceries and transport. Energy Transition Watch: China set a 70% EV share target for passenger car sales by 2030, accelerating demand erosion for road fuels. Infrastructure & Safety: Ukraine held an emergency meeting over intensified attacks on gas stations, including plans to track drones and add shelters. Oil & Environment: A Gulf of Oman spill linked to tanker attacks doubled to about 400 sq km, threatening protected areas off Oman and Iran.