Heatwave Toll & Grid Strain: The WHO says Europe’s record-breaking heat has been linked to 1,300+ excess deaths since June 21, with 150 million people under extreme heat as power, transport and healthcare systems struggle. UK Bills Watch: In the UK, Ofgem’s price cap rises £221/year from Wednesday to £1,862, but analysts expect it to stay steadier in October as wholesale costs ease after the US-Iran ceasefire. Oil & Shipping Rebound: With the Strait of Hormuz reopening, crude benchmarks have eased back toward pre-war levels, but markets are still chaotic as tankers race to reposition and tracking remains messy. EU Energy Security Politics: Scotland’s Europe minister pitches EU energy security role in Brussels, while critics argue domestic energy ownership and investment choices don’t match the message. Methane Rules Pressure: Qatar and other LNG suppliers urge the EU to revise the Methane Regulation ahead of its 2027 start, warning unclear details could disrupt long-term supply contracts. Rare Earths Push: Sweden grants a 25-year mining lease for the Norra Kärr heavy rare earth project, aiming to secure EU supply of dysprosium, terbium and yttrium. Hydrogen Project: Spain greenlights €211m for Iberdrola–bp’s Castellon hydrogen boost.