Middle East Supply Risk: Oil prices stayed elevated as US-Iran strikes and threats to the Strait of Hormuz and Red Sea routes kept a geopolitical premium in crude markets, with Brent and WTI up on the week. IEA Warning: IEA chief Fatih Birol said global energy security remains at risk unless Hormuz oil flows are restored, with Asia heavily exposed. Policy Push in Iraq: BP and ConocoPhillips plan major Iraq investments to expand oil and gas and reduce reliance on Iranian gas, aligning with US efforts to curb Iran’s regional energy influence. Sanctions Politics: A bipartisan US Senate bill would impose targeted sanctions/tariffs on top buyers of Russian energy, aiming to hold purchasers accountable for supporting Russia’s war. Gas & Power Infrastructure: Bulgaria’s BOTAS gas deal suspension sparked fresh talk of a more competitive Turkey-Bulgaria route, while Kuwait reported an Iranian strike damaging a power and desalination plant. Grid & Storage: India forecasts energy storage needs rising to 888 GWh by FY2035-36, and Orcadian outlined a North Sea offshore gas-powered AI data center concept with CO2 capture. Consumer Energy Costs: Scotland may get a permanent heating-oil price checker after the CMA flagged weak protections in remote areas. Local Fuel Pricing: Indiana gas averages edged up, with diesel higher year-on-year. Energy Transition Tech: India launched its first hydrogen-powered train, and Hitachi Energy teamed with Eve on charging infrastructure for eVTOL aircraft.