Red Sea Shock to Oil Markets: Brent surged past $100 a barrel after Houthi attacks on two Saudi oil tankers, raising fears of a wider Middle East shipping squeeze as Trump vowed “major military punishment” for Iran-backed strikes. GCC-Jordan Condemnation: GCC states and Jordan jointly denounced Iranian aggression, citing attacks on energy and civilian infrastructure and reaffirming self-defense and freedom of navigation through Hormuz and Bab al-Mandeb. US-Iran Escalation Politics: The US House passed a non-binding war powers resolution to end Iran hostilities unless Congress authorizes, while Trump signaled he is close to approving a “massive” expanded attack; UN experts warned the renewed fighting is undermining a recent MOU. Nuclear Deal, New Conditions: The US and Saudi Arabia signed a long-term civil nuclear cooperation “123 Agreement,” with IAEA awaiting formal requests, as Trump added that Riyadh must normalize ties with Israel—fueling arms-race concerns. Energy Costs at Home: Higher crude is already feeding into fuel prices, with AAA reporting Alabama gasoline up week-on-week, and broader inflation worries returning. Regional Energy Projects: Egypt and Russia discussed expanding cooperation including a logistics corridor for grain and petroleum products and progress on the El Dabaa nuclear plant.