Red Sea Oil Shock: At least seven tankers rerouted after Houthi threats and a declared Bab al-Mandeb “maritime embargo,” adding fresh risk to oil transit and pushing Brent above $95 as US-Iran tensions escalate. Market Outlook: Kpler warns crude could jump past $100—and even $120—if the US-Iran conflict and Red Sea disruptions persist for another week or two, tightening supply expectations. Nigeria–Germany Push: Germany’s foreign minister urged German firms to invest in Nigeria despite insecurity, while Nigeria called for deeper cooperation on security, renewable energy, and digital innovation. West Africa Gas Deal: ECOWAS leaders signed off on the $25bn Nigeria–Morocco African Atlantic Gas Pipeline framework, aiming to link multiple West African states to Europe via a 6,900-km corridor. Power Finance: Nigeria plans to open an N729bn power bond under its power debt settlement scheme, as fuel import pressures and refinery export shifts keep energy costs in focus. Local Energy Security: Burkina Faso secured $300m financing for its largest-ever power plant to cut its energy deficit. Policy Debate: Nigeria’s House began debate on a bill to create a National Commission for Rural Infrastructure and Development, targeting the rural infrastructure gap that constrains growth.