Hormuz Fuel Shock: IMF/IEA/World Bank warn summer fuel shortages could hit if Strait of Hormuz shipping doesn’t normalize, as Iran restricts traffic and inventories fall fast. US Household Cost Pressure: Moody’s estimates the Iran war has added about $60bn to US consumer energy costs, with gasoline driving nearly half. Diplomacy vs Escalation: Iran says no final deal with the US yet, while US officials keep a strike option on the table; a proposed “investment fund” framing for Iran reconstruction is stirring political heat. Energy as a War Target: Russia says it struck Ukrainian military-linked energy sites; separate reports claim a drone hit Zaporozhye NPP’s turbine hall. Grid & Bill Politics (UK): Britain’s clean-grid overhaul is set to push household bills higher, with network charges alone adding £104 and forecasts pointing to steep increases by 2030. Clean Power Buildout (US/Hawaii): A $241m Maui solar project is racing through permitting to use expiring tax credits and reach operation by end-2028. Regional Energy Diplomacy: EU foreign policy chief Kaja Kallas heads to Pakistan as security and energy cooperation top the agenda. Solar Boom Economics: IEA data shows global solar spending is surging toward $365bn in 2026 as costs keep falling. Africa Oil Reform Lesson: Angola’s petroleum reforms are being pitched as a playbook for Nigeria’s gas, refining, and regulatory overhaul.