US Inflation & Energy Prices: U.S. CPI rose to 4.2% in May, with energy up 3.9% month-on-month and 23.5% year-on-year—fueling the biggest inflation pressure since 2023 as Middle East shipping disruptions keep oil costs elevated. North Sea Security: Offshore Energies UK (OEUK) is urging the UK to classify offshore oil and gas assets as critical national infrastructure after drone and sabotage concerns tied to Russia. Russia-Ukraine Strikes: Russian drones hit transport and energy infrastructure in Mykolaiv, adding to ongoing attacks on regional energy assets. Italy Import Bill: Italy’s 2026 energy import bill is projected near €60bn ($69bn), with oil imports alone forecast around €24bn. Power Market Politics (Colorado): Xcel Energy’s proposed rate hike faces pushback after a settlement proposal would still mean a record-high increase for Colorado customers. UK Energy Debt Dispute: A Margate bar reopened after an £18k energy bill dispute was ruled based on incorrect meter readings. India-Russia Oil Demand: India remains the second-largest buyer of Russian fossil fuels, with May imports rising as refiners step up purchases. Grid Investment Need (NZ): New Zealand’s Infrastructure Commission says long-term renewables and storage investment must rise to manage electricity price volatility. Egypt LNG Hub Push: Egypt’s PM toured the Idku LNG complex, stressing LNG and gas networks to strengthen Egypt’s regional energy hub role. JSW Energy Deal: JSW Energy agreed to acquire Maruti Clean Coal & Power (MCCPL) to expand its thermal portfolio. EV Momentum: The IEA says EV sales hit 20m+ in 2025 and could reach 23m in 2026, with the Middle East energy crisis shaping policy and charging plans.