Kuwait Petroleum Logistics: Kuwait Petroleum Corp is offering ship-to-ship (STS) transfers outside the Strait of Hormuz to buyers, aiming to keep exports moving as security risks disrupt routes; the firm also resumed cargo offers in June and has been selling naphtha via delivered ex-ship tenders, with exports still running at about half pre-war levels. Gulf Shipping Risk: Iran’s IRGC warned crews on tankers in Kuwait and Bahrain ports to leave immediately, escalating fears that commercial energy traffic could be targeted beyond the Strait. Oil Price Shock: Brent pushed above $100 a barrel as US-Iran tit-for-tat attacks intensified, with the US saying it destroyed five Iranian crude tankers and Iran threatening further strikes; the surge is also feeding broader inflation worries. Diesel Crunch Watch: Analysts warn a diesel supply tightness could persist, with war disruptions and refinery strain keeping prices elevated and weighing on demand. Industry Finance/Power Markets: A Wall Street note says Vistra could nearly double from current levels, highlighting how merchant power stocks tied to AI power demand are still mispriced. Trade & Standards: Kuwait saw a crackdown on warehouse storage of prohibited items and continued moves on construction FDI and smart meter tenders, signaling ongoing industrial policy momentum.