Moldova Energy Security: Parliament in Moldova adopted a draft law to speed up and coordinate approvals for strategic energy infrastructure, creating a single contact point, strict timelines, and a special regime for projects of common EU interest. Ukraine-Russia Escalation: Russian missile and drone barrages killed at least 10 civilians across Ukraine and triggered NATO scrambling after a missile crossed into Poland, raising fears of spillover. European Earnings Boost: LSEG data points to Europe’s Q2 profit growth jumping 20.8%, with energy firms expected to double profits as oil and gas prices stay volatile. North Sea Policy Signal: UK PM Andy Burnham says he will take a “pragmatic approach” to North Sea oil and gas, leaving room to approve existing licences amid pressure from industry and US President Trump. Nuclear Under Heat Stress: Bulgaria’s Kozloduy plant says it is taking measures as record-low Danube levels threaten cooling reliability, while Hungary warns Paks could face a full shutdown within days if water stays critically low. Wildfire Crisis: France allowed about 84,000 evacuees to return as a major southwest blaze eases, but EU officials warn the risk could spread across Europe. Oil Market Moves: Shell’s Q2 profit tripled to $10.8bn on Middle East-driven price spikes, while Glencore secured a processing contract at Germany’s Wilhelmshaven refinery. EU Carbon Rules: The European Commission published an EU ETS review proposing significant reforms aimed at balancing competitiveness with climate goals. Fusion Push: Germany selected Biblis as a laser fusion hub site, targeting a commercial laser fusion plant by the mid-2030s.