US-Iran Breakthrough: Trump says a deal is complete to end hostilities and reopen the Strait of Hormuz, sending crude down toward $80 and easing Hormuz disruption risk—though analysts warn flows may take weeks to normalize and nuclear talks remain unresolved. EU Energy Security: EU leaders welcomed the pact but urged “toll-free” navigation and faster implementation, warning that energy dependencies have been “weaponised” and pushing for alternative corridors. UK Sanctions Enforcement: Royal Marines and the NCA boarded and seized a Russian “shadow fleet” tanker in the English Channel, arresting a suspect and signaling tougher pressure on sanctioned oil logistics. Oil Market Spillover: With crude sliding, UK bill-watchers see near-term relief potential, while Ghana expects fuel-price adjustments as global benchmarks fall. Shell Retreats From Renewables: Shell is preparing to sell offshore wind farms in a deal that could top $1bn as it shifts capital back toward higher-return fossil operations. Asia Policy & Storage: China launched a three-year energy-saving and carbon-reduction retrofit push for nine industries, while Chinese storage firms are moving from hardware sales to integrated energy services. Energy Governance in Nepal: Nepal’s budget puts energy at the center of transformation, but a commentary argues the country still needs “One Energy Ministry, One Energy Act” to manage the full energy system. Regional Energy Moves: Egypt’s PM highlighted Idku LNG’s $10bn role and expects gas from Cyprus’ Cronos in 2028; Qatar met Korea to discuss energy cooperation. Downstream Watch: Nigeria’s Dangote refinery pricing stays high even as crude drops, keeping pressure on marketers and retailers.