Ukraine-Russia Energy War: Ukraine’s SSU hit three oil depots in Russia’s Stavropol Krai and struck a “shadow fleet” tanker in the Black Sea, while Zelensky said the attacks aim to disrupt fuel supplies and exports. Drone & Missile Escalation: Russia reported shooting down 140 Ukrainian drones overnight as Kyiv launched large-scale drone strikes that reportedly damaged Wildberries logistics sites near Moscow and an oil depot. Sanctions & Finance: The ECB signaled it may pause another rate hike as inflation cools, but uncertainty tied to the Hormuz situation keeps the door open for September. Cybercrime Crackdown: U.S. prosecutors unsealed an indictment against three Russian nationals and two bulletproof hosting firms tied to $62m+ in victim losses, with Rewards for Justice offering up to $10m. Trade & Industry: India’s aluminium makers urged higher duties on low-grade scrap imports, citing dumping pressure including from Russia and a surge in poor-quality Gulf/ASEAN scrap. North Korea Pivot: Pyongyang’s foreign minister met Lavrov in Moscow as analysts say North Korea is courting both China and Russia to boost leverage against the U.S. Wartime Manpower: Russia is expanding prisoner recruitment for the army by widening the list of crimes that won’t block signing military contracts.