Strait of Hormuz Tensions: Iran’s IRGC says it struck and detained a “violating” tanker in the Strait of Hormuz and is pushing tolls for passage, raising fresh shipping and supply-risk fears. Oil Supply Shock: Saudi Arabia halted exports after damage to its East-West pipeline, with repairs expected to take more than a month—another headwind for diesel and Asian fuel markets. Energy Prices & Politics: South Korea’s finance minister vowed diplomacy, import diversification and reserve swaps to manage volatility, while the U.S. saw gas prices climb again amid the Iran-linked war backdrop. US Power-Plant Rules in Court: Environmental groups sued the EPA over its repeal of power-plant greenhouse gas standards, setting up a major legal fight over climate duties. Renewables in Motion (EU): The EU approved €125.8M for cross-border district heating and wind projects, including coal-to-biomass heat upgrades. India Clean Energy Buildout: Petronet LNG and Gruner Renewable Energy will form a 50:50 JV to build 10 CBG plants (₹1,200 crore). Geothermal Funding: Khosla-backed Mazama Energy raised $135M to drill deeper enhanced geothermal wells for next-year power generation. Corporate Energy Growth (India): Oil India outlined a growth roadmap at its 67th AGM, pairing deeper offshore exploration with clean-energy expansion. Local Fuel Reality (US): GasBuddy price reports show uneven but generally elevated U.S. fuel costs, with diesel and E15/E85 prices varying sharply by county.