Oil & Markets: The U.S. Strategic Petroleum Reserve drawdown continues, with crude stocks falling 5.5 million barrels to 325.7 million—the lowest since May 1983—under a plan to release 172 million barrels to offset inventory gaps after the Iran war. Middle East Truce Watch: The U.S. and Iran agreed to halt strikes and return to talks in Doha, with Strait of Hormuz safe passage a key focus, but analysts warn shipping and logistics won’t quickly normalize. UK Household Bills: Ofgem’s next energy price cap rise kicks in July 1, adding £221 and lifting a typical dual-fuel bill to about £1,862 a year; Cornwall Insight expects another hit in October. Retail Pressure in the U.S.: Trump again demanded gas retailers cut pump prices immediately, floating a target of $2.50 a gallon and warning against “speculation.” Energy Security: South Korea downgraded its crude oil security alert to “caution” after diversifying Middle East supply routes. Power & Grid: Ukraine extended evening blackout schedules amid heat and Russian attacks, while load shedding in Bangladesh eased after two power plants resumed. Renewables & Storage: India’s Suzlon won its first commercial order for the 5 MW S175 turbine (105 MW total) and China’s CGN brought a 100 MW concentrated solar power plant with molten-salt storage online in Jilin.