Strait of Hormuz Watch: Three Indian-flagged crude tankers (8.6 lakh MT, 94 crew) safely crossed just hours before Iran announced another closure, underscoring how quickly shipping risk can swing global oil flows. Sanctions & Shipping: UK authorities arrested an Indian captain of a sanctioned Russian shadow-fleet tanker, with family urging government help—another reminder that energy trade is increasingly entangled with enforcement. Market Mood: India’s stocks look set for a cautious positive week as softer crude and easing US-Iran tensions support sentiment, even as analysts warn oil marketing company profits may still take a hit. Energy Security & Infrastructure: Malaysia’s Tenaga Nasional drew heavy demand for RM2.5bn sukuk (solar and hydro), signaling strong investor appetite for bankable transition projects; meanwhile, China’s energy storage firms are pulling in overseas orders as governments prioritize grid resilience. Regional Supply Shifts: India boosted June crude imports from Russia and kept UAE shipments near record levels to hedge uncertainty around Hormuz recovery. Power & Transition Projects: Nepal allocated Rs. 2.63bn for renewables, clean cooking, waste-to-energy and green hydrogen, while India’s ONGC is shifting toward a more gas-led model. Conflict Impact: Ukrainian strikes hit Russia’s Tyumen oil refinery, and fuel disruptions/queues were reported in parts of Russia after attacks.