Middle East Oil Shock: Oil jumped sharply after Trump said the Iran ceasefire was “over,” following US strikes and the revocation of a waiver allowing Iranian oil sales; Brent pushed toward $80 as markets priced renewed Strait of Hormuz disruption risk. Sanctions & Shipping Risk: The US reinstated sanctions on Iran’s oil trade after tanker attacks, while Iran retaliated against US-linked targets in Bahrain and Kuwait—raising the odds of wider supply disruptions. Gas Prices at the Pump: Despite the crude surge, several US states reported falling gasoline averages (Pennsylvania around $3.94/gal; Montana about $3.91), showing how local pricing can lag global moves. Shale Output Tech: Chevron will license its shale chemical surfactants to rivals via ZL Chemicals, aiming to lift production and slow declines as US well productivity weakens. Energy Storage for AI: ESS launched a modular sodium-ion battery system for utilities and AI data centers, while Nocera struck a binding deal to invest in an integrated energy storage and power platform for mission-critical demand. Clean Heat & Power: UK housing developer Vital Energi is using central air-source heat pumps with district heating to heat 709 homes without individual gas boilers, and NYC launched a pilot to replace gas generators on food carts with battery power.