Strait of Hormuz Watch: Oil slid as investors weighed fragile US-Iran talks and reports of potential Hormuz shipping restoration, while markets stayed jumpy on renewed strike risk. India FX & Energy Costs: The rupee held near 95.7 per dollar as traders tracked crude moves; Moody’s warned prolonged West Asia disruption could raise credit stress for Indian banks via higher fuel costs. West Asia Risk to Services: LIC’s chief said a longer Middle East crisis could ripple into insurance through weaker incomes and savings. Coal & Power Supply: China formed a probe team into a Shanxi coal mine blast, while India’s Coal India advanced an oversubscription offer-for-sale amid strong demand. Clean Power Finance: CleanMax secured about $575m to build ~1 GW renewables in Rajasthan and Karnataka for corporate buyers. Renewables Transition Funding: UNCTAD said the energy transition needs $1tn+ a year by 2030, with developing economies relying heavily on foreign investment. Hydrogen Mobility: Indian Railways approved a hydrogen fuel-cell trainset pilot on the Jind-Sonipat route. Maritime Batteries: Corvus Energy and BYD Energy Storage expanded a partnership for next-gen zero-emission marine batteries. Philippines-Japan Energy Security Angle: Marcos’ Tokyo visit highlighted Japan’s development support and defense cooperation tied to protecting energy flows. Cebu Waste-to-Energy: Cebu province plans two Japanese waste-to-energy “Green Transformation Parks,” but says funding is the main bottleneck.