Energy & Shipping Security: Yemen’s Houthis and Saudi-backed forces fought near a Red Sea waterway tied to global energy flows, with drone damage reported at a Saudi power station and heavy strike counts raising risks for shipping lanes. Canada Pipeline Push: Prime Minister Mark Carney moved the Alberta-to-B.C. “Pacific Link” crude pipeline onto a faster federal review track as a Project of National Interest, targeting conditions for construction by Sept. 2027 and routing toward a Tsawwassen storage/export terminal. Fuel Market Shock: The G7 agreed to release 100 million barrels of oil and diesel, starting with a frontloaded diesel push, as diesel hit record highs and tanker demand faces uncertainty. Port/Trade Disruption Watch: Freight rates into the U.S. have peaked post-Hormuz but remain elevated, with congestion easing in Asia and holidays shaping near-term capacity. AI Power Strain: The IEA says data-center electricity demand is surging, with AI-linked loads stressing local grids—while storage and renewables are seen as part of the fix. Maritime Operations: IMO mourned seafarers killed during a rescue of the hijacked HONOUR 25 in the Gulf of Aden. Logistics Tech: Log-hub rolled out supply-chain mapping and inventory simulation upgrades aimed at better regional visibility and risk-based planning.