Middle East Oil Shock: Oil jumped again after the US-Iran ceasefire expired, with Brent crossing $90 and Strait of Hormuz traffic thinning, pushing Asian markets lower and lifting inflation/bond-yield worries. India Macro & Energy Link: India’s current account deficit is seen widening in FY27 as the goods deficit rises on higher oil and imports, while RBI liquidity support fades—adding pressure to bonds and the rupee. Japan Markets: Japan’s Nikkei slid as oil strength and bond-market risk revived inflation concerns. China Refined Fuel Exports: China’s refined fuel shipments fell 12.9% y/y in July but rebounded m/m as export curbs were unwound, supporting overseas supply amid the conflict. Energy Infrastructure & Tech: Tata Power and IIT Bombay signed a clean-energy research deal (smart grids, storage, mobility, AI), while Nelco partnered with Elveo for direct-to-device satellite connectivity across energy and maritime. Asia Power Transition: S-OIL is investing $6.4bn in its Shaheen thermal-crude-to-chemicals project to boost petrochemical resilience. Trade Tensions: India sought WTO consultations with the US over a 50% tariff-rate quota on quartz surface imports. Regional Commodities: Indonesia’s planned mineral/strategic commodities exchange is set to include palm oil, nickel and coal.