Oil & Gas Markets: Oil rebounded about 1% after fresh US strikes on Iran, with Brent around $92 and WTI near $89 as traders weighed Strait of Hormuz disruption risk and another large US crude draw. EU Sanctions & Energy Finance: The EU unveiled plans for its 21st Russia sanctions package, including a temporary freeze on the Russian oil price-cap adjustment mechanism, new targets for banks, oil traders/refineries and crypto operators, plus an EU entry ban for former Russian combatants. UK Power Market Reform: A thinktank says public procurement of electricity as a “single buyer” could cut UK household bills by nearly £200 a year, arguing gas still sets prices most of the time. Grid Connection Bottleneck (UK): Britain’s system operator says more than half of clean power projects needed for 2030 targets now have grid connection dates after clearing a backlog of speculative applications. Renewables Buildout (EU/Region): Eurostat data points to a rebound in EU wind turbine manufacturing, with 2024 output reaching its highest level in a decade and production value at €10.4bn. Energy Security Diplomacy: EU leaders deepened ties with Armenia on energy cooperation, while Ukraine’s updated energy strategy work with the World Bank focused on reforms, balancing markets and digitalisation. Middle East Energy Hub Bid: Syria’s energy minister says Damascus is pitching itself as a regional energy hub to attract investment after sanctions relief.