Hormuz Fuel Shock: IMF, World Bank and IEA warn global fuel shortages could hit this summer if Strait of Hormuz shipping doesn’t normalize, citing record inventory drawdowns and knock-on effects for food and fertilizer prices. Maritime Security Escalation: Oman’s maritime security centre flagged a suspected sea mine near its shipping lane and urged vessels to steer clear; the UKMTO also raised the threat level to “critical.” US Blockade Enforcement: The US stopped a Gambia-flagged bulk carrier trying to breach the Iranian port blockade, disabling it in the Gulf of Oman and adding to the count of vessels turned back. Grid & Storage Policy: India’s CERC released draft DSM reforms that would change deviation pricing, tighten renewable treatment, and expand energy-storage integration from July 1, 2026. Regional Trade Logistics: Indonesia, Malaysia and Perlis are linking a Sumatra container terminal, Penang transshipment hub and Perlis inland clearance depot to speed cross-border cargo flows and connect digital systems. Energy Investment Push: Oman launched a $1B lithium-ion battery anode materials project in Sohar Freezone, aiming to scale regional battery supply chains. Shipping Demand Signals: DHL Express Philippines targets double-digit shipment growth, leaning on SMEs despite Middle East-driven volatility.