Gas policy shake-up: Labor has softened its domestic gas reservation plan, moving from a fixed 20% export carve-out to “up to 20%”, with the start pushed to January 2028 and volumes calibrated to keep the east coast “modestly oversupplied” (aiming to avoid price spikes while protecting LNG contract commitments). Markets under pressure: ASX sentiment is wobbling as Brent pushes above US$100 on Middle East tensions, lifting bond yields and reviving rate-hike fears; energy and miners have been a partial offset, but the broader market has slid. Energy transition politics: NSW’s Great Koala National Park has cleared a federal green light for the ACCUS “Improved Native Forest Management” method, with claims it will prioritise NSW manufacturing and bar fossil fuel firms from buying ACCUs. Nuclear fuel supply: Orano and KHNP have expanded their uranium enrichment partnership via a Paris letter of intent, aimed at improving South Korea’s enrichment access and reducing supply vulnerabilities. AI power demand: Nvidia says partners are targeting up to 2GW of AI data-centre capacity in Australia by 2027, raising fresh questions about power and water impacts. Local renewables backlash: Victoria has canned a proposed Central North Renewable Energy Zone after community opposition in Dookie and surrounding areas.