Gas Export Reservation: Australia’s plan to reserve 20% of gas exports for domestic use from July 1, 2027 has rattled Japan and other Asian buyers, though experts say it’s unlikely to materially dent LNG volumes or prices. Middle East Shipping Shock: Fresh strikes around the Strait of Hormuz—including a reported hit on a tanker—are adding risk to global energy shipping just as the reopening of the route is underway. Shadow Fleet Enforcement: France says a Russian shadow-fleet tanker detained earlier will be handed to the Marseille prosecutor’s office, underscoring continued pressure on sanctions-busting oil flows. Energy Transition Politics: NSW’s brumby cull in Kosciuszko National Park is set to restart after population estimates rebounded, reigniting debate over how governments balance conservation, tourism and public backlash. Grid Demand Context: Commentary this week points to energy costs and electrification pressures, with AI and data centres flagged as drivers of rising power grid demand. Battery Storage Momentum: Australia continues expanding battery storage capacity via government schemes and new project selections, reinforcing the push to firm renewables and manage peak demand. Market Backdrop: Global tech weakness and oil price pressure are feeding into broader risk sentiment, with Australian shares mixed as investors weigh inflation and rates.