US-Iran Nuclear Talks: US VP JD Vance arrived in Switzerland to kick off a 60-day sprint on Iran’s nuclear program and Lebanon ceasefire implementation, with markets watching for any disruption to energy flows via the Strait of Hormuz. Oil Market Shock Risk: Iran’s Tasnim says Hormuz won’t reopen unless Lebanon’s ceasefire holds and oil-sale waivers are issued, adding uncertainty for crude and LPG supply chains. Middle East Supply Diversification: India is leaning harder on alternative LPG and crude sources as West Asia tensions persist, shifting volumes toward the US, Iran, and others ahead of Hormuz recovery. Power Infrastructure Under Fire: Ukraine struck Russian logistics and oil targets in Crimea and Russia retaliated against energy sites, while Crimea imposed fuel-sale restrictions and reported outages after attacks. Grid Reliability: Eskom said it has restored power to nearly 900,000 households, hitting 52% of its load-reduction elimination target. Renewables Dealmaking: Titan Egypt signed a 25-year 11.45MW solar PPA for its Beni Suef cement plant, and Indonesia reported renewables hitting 17.89% of generation by April 2026. Energy Transition Finance: Malaysia’s TNB said its RM2.5bn sukuk for solar and hydro was oversubscribed five times, signaling strong investor appetite. Industrial Safety Crisis: Tamil Nadu’s ammonia leak at a seafood export facility killed at least seven women and sent dozens to hospital, prompting a state probe and emergency CBRN response. Gas Growth Outlook: ONGC expects natural gas output to rise 7–8% annually as “new well gas” expands, supported by major offshore investment.