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Shipping through the Strait of Hormuz remains severely restricted despite technical reopening, with Iran conditioning full normalization on sanctions relief and Israeli military withdrawal across multiple countries.
The U.S. oil rig count declined by 5 to 447, while gas rigs increased by 5 to 132, according to Baker Hughes data released Friday, as crude production rose to 13.843 million barrels per day.
Kazakhstan is declining to significantly bolster Russia’s energy supplies despite Moscow’s requests, citing secondary sanctions risks and domestic demand while conducting large military exercises.
Global data center water consumption could triple to 644 billion liters annually by 2030 without mitigation measures, driven by artificial intelligence expansion, though efficiency improvements could reduce demand significantly.
European sanctions on Russia have potential blind spots, with some EU and UK companies maintaining profitable operations and subsidiaries in Russia despite broader disengagement objectives.
Kentucky’s utility regulator opened an investigation into rising electricity costs after rates increased nearly 22 percent over five years, with advocates citing coal reliance and data center expansion as concerns.
