Energy Security & Geopolitics: UK offshore energy bosses (OEUK) want isolated North Sea oil and gas assets to be classed as critical national infrastructure as drone and sabotage fears linked to Russia grow. Nuclear Grid Resilience: Ukraine’s Zaporizhzhia plant has been reconnected to the grid after nearly three days of external power loss, with the IAEA citing repairs enabled by a localized ceasefire. Oil Market Pressure: As US-Iran tensions ease on deal hopes, Brent falls to about $87/bbl and markets rally, with the Strait of Hormuz risk still driving volatility. EU Economic Strain: IMF chief Kristalina Georgieva warns Europe faces the tough mix of weaker growth and higher prices, urging EU budget plans to prioritize competitiveness. EU-Russia Sanctions Spillover: The EU’s 21st Russia sanctions package includes entities based in India, potentially complicating ratification of the EU-India trade deal ahead of a July 15 deadline. Energy Costs at Home: Italy’s energy import bill is set to jump to nearly €60bn in 2026, with oil imports rising on higher expected Brent prices. Regional Energy Hub: Egypt’s PM toured the Idku LNG complex, stressing how LNG capacity and gas networks can boost returns and strengthen Egypt’s role as a regional hub. EV Demand Signal: The IEA says global EV sales should keep rising in 2026, reaching about 23m vehicles and close to 30% of new car sales worldwide.