The fuel and energy complex (FEC) meets Thursday, August 6, 2026, anticipating a historic breakthrough: the USA, Iran, and Oman have come close to an interim agreement on the reopening of the Strait of Hormuz, which has been closed since March. The oil market reacted swiftly — Brent prices dropped about 10% over the week and are hovering near $80 per barrel as the geopolitical premium, which had supported prices for months, evaporates. Simultaneously, OPEC+ is wrapping up the return of voluntarily reduced production volumes, Europe is in a scramble to fill gas storage amid LNG shortages, and Russia extends its ban on gasoline exports until 2027. Below is an expanded overview of key events in the oil and gas sector, electricity, the coal market, and renewable energy for investors and participants in the global energy market.