Middle East Oil Shock: The U.S. reinstated a blockade tied to a proposed 20% Hormuz toll as strikes between the U.S. and Iran resumed, pushing Brent to about $87 and WTI back above $80, with tanker disruptions raising fuel-price pressure worldwide. Inflation Watch: June CPI cooled sharply on falling gas and energy costs, but Fed Chair Kevin Warsh warned inflation remains an “undue burden,” while renewed Hormuz tensions threaten to reverse the gains. Gas Prices: GasBuddy reported the first weekly gas-price increase since May 11, with Minnesota and the national average up as Iran-related uncertainty returns. State Energy Policy: Michigan Upper Peninsula lawmakers, led by Rep. David Prestin, are pushing bills to keep natural-gas generation counting toward clean-energy goals through 2050, setting up another fight with environmental groups. Nuclear Fuel Tech: DOE-licensed SuperCritical Materials says it can commercialize a patented process to extract uranium from seawater, aiming to ease U.S. nuclear fuel bottlenecks. Grid & Storage Buildout: SLB and Liberty Energy teamed up to supply modular components plus gas-fired power for AI-driven data center demand, while Frontier Power USA selected a 100 MW/400 MWh Texas BESS project for long-duration storage expansion. Consumer Safety: Cuisinart recalled a 3-in-1 gas grill over pizza-oven glass shattering risk, and Best Buy recalled about 3,800 gas stoves due to accidental knob ignition fire hazards.