G7 Emergency Oil/Diesel Release: G7 leaders agreed to release 100 million barrels of crude and diesel from strategic reserves via the IEA, with a front-loaded “substantial” diesel supply in the first 20 days, aiming to cool fuel prices after Iran-linked shipping disruptions and broader market volatility. US-Iran Pressure & Shipping Risk: As Washington weighs next steps, Iran says it’s preparing for a major round of fighting, while UKMTO reported multiple projectile strikes on tankers near the Strait of Hormuz and east of Oman—raising the stakes for Middle East energy flows. Red Sea Flashpoint: Saudi Arabia is reportedly preparing options for a Yemen offensive to retake areas around Bab el-Mandeb, with plans ranging from a limited push to wider operations, as Pakistan deploys troops to help defend Saudi borders and intercept drones. Fuel Price Reality Check in the Gulf: A comparison of pump prices shows why the region isn’t one fuel market—drivers in Qatar and Egypt pay far less than in Europe despite the same global crude backdrop. Sanctions & Nuclear Controls: Cyprus joined a group of 56 countries backing UN “snapback” restrictions on Iran, while PSI partners pledged tighter steps to block proliferation-related transfers.