Strait of Hormuz Watch: Commercial traffic through the Strait of Hormuz ticked up slightly, with a handful of tankers transiting, but daily volumes remain far below pre-war levels as insurers, mine clearance, and security guarantees stay key hurdles. US–Iran Shipping Pressure: The US imposed fresh sanctions on Iran-linked vessels and entities tied to “dark fleet” oil movements, even as negotiators discuss a possible ceasefire extension and steps toward reopening shipping lanes. Last-Mile Logistics Deal: USPS signed a multiyear parcel delivery contract with DHL’s e-commerce arm, aiming to secure at least $10B in revenue and strengthen USPS’s home-delivery role. Port & Energy Infrastructure: South Africa’s TNPA signed a 25-year LNG terminal operator deal at Port of Ngqura, targeting energy security and industrial supply for the Coega SEZ. Shipping Industry Events: Posidonia 2026 in Athens is set for record turnout, with Cyprus strengthening its shipping presence despite geopolitical strain. Grid-Scale Storage Push: Australia’s federal green tick cleared a large BESS project near Victoria’s coal hub, underscoring how storage is becoming central to grid reliability. Power Market Rules: The Philippines’ ERC set tighter generation market-share caps across Luzon, Visayas, Mindanao, and nationally as renewables and battery storage expand.