Middle East Crisis & Energy Markets: The OECD warned that a prolonged Iran-linked Gulf disruption could push global growth down sharply and lift inflation, with energy-importing developing economies hit hardest. Central Banking & FX: India’s RBI held the repo rate at 5.25% for a second straight meeting, citing West Asia-driven crude shocks, rupee weakness, and inflation risks while keeping a neutral stance. Aviation Supply: Europe’s transport chief said there’s no jet fuel shortage now, though the situation could get “very difficult” later if Hormuz disruptions persist. Regional Diplomacy: Pacific Islands Forum foreign ministers backed a regional response mechanism under the Biketawa Declaration to manage fuel, shipping, and supply-chain risks. Energy Diplomacy (India-Venezuela): India’s petroleum minister met Venezuela’s acting president and flagged an upcoming Indian technical team visit to expand long-term energy cooperation. Clean Power & Industry: Malaysia’s TNB stressed regional grid modernisation, talent building, and AI-aligned sustainability at ENERtec Asia’s energy-and-AI push. Hydrogen Storage Pilot: Payal Industrial Park and Fourier launched a hydrogen-powered long-duration storage effort in Gujarat to keep industrial power steady as renewables scale. Oil Supply Expansion: Nigeria’s Dangote refinery said it ramped to 700,000 bpd in testing, aiming for 1.4 million bpd. Policy & Transition Tensions: Nepal moved to restructure its electricity authority and tighten PPA rules, drawing concern from energy producers about clarity.