Nuclear Security: France and Norway signed an agreement on France’s “nuclear umbrella,” as Scandinavia debates deterrence amid Russia’s rearmament and doubts over US guarantees. Energy Shock: The Iran war and Strait of Hormuz disruption are driving a major oil supply shock, pushing governments to curb demand and lean on strategic reserves; IEA chief Fatih Birol warns easing Russian energy sanctions would be a “major mistake.” Armenia Energy Pressure: Russia threatened to suspend gas, fuel and diamond preferential supplies if Armenia continues its EU accession path, while Armenia says it has received letters but disputes any immediate written demands. Ukraine Air Defense & War Costs: Zelenskyy urged Trump and Congress for more US air defense munitions as Russia escalates missile and drone attacks; GCHQ says nearly 500,000 Russian soldiers have died in the war. Russia–Kazakhstan Trade: Putin praised Kazakhstan as a top trade ally as high-level talks in Astana focus on energy, transport and regional integration. Markets & Banking: Moscow Exchange slid to six-month lows near 2,573 points amid sanctions fears and fiscal uncertainty; VTB moved to raise capital via a large share issue. Cyber & Finance Risks: GCHQ warned of relentless Russian hybrid and cyber threats; ESET detailed ongoing China-aligned espionage activity and Russia-focused targeting of Ukraine-related drone and defense work. Trade & Logistics: Egypt is pushing to become a global grain storage hub using upgraded silos and 19 ports, including cooperation with Russia on storage know-how.