Gulf Supply Risks: Iran reported tanker fires in the Strait of Hormuz, while maritime monitors reported a vessel hit by a projectile and the Houthis claimed strikes on Saudi energy sites. The claims highlight the threat to vital oil routes and infrastructure. G20 Diplomacy: Energy supplies and freedom of navigation are on the Atlanta agenda, where European diplomats’ refusal to appear with Russia’s Sergei Lavrov underscored divisions. India’s S. Jaishankar urged diplomacy over military solutions. Ukraine’s Power Grid: Russian strikes on energy infrastructure have left consumers without power in Kyiv and other regions, with emergency outages also reported in Dnipro. Bills and Windfalls: Europe is absorbing the Iran conflict’s energy shock, while high prices are sharpening household cost concerns and drawing backlash over BP’s reported $8.46 billion profit. Energy Partnerships: Pakistan is seeking Saudi LPG shipments and investment in oil storage and refinery upgrades amid disrupted supplies. Masdar, meanwhile, signed an agreement to explore up to NZD 1 billion in New Zealand solar, wind and battery projects. Grid Shift: More US utility-scale solar is being paired with batteries, offering operators greater flexibility as solar output and wholesale prices fluctuate.