Gas policy shake-up: Australia has eased East Coast gas reservation rules for LNG exporters and softened the domestic gas reservation approach, aiming to reduce pressure on supply while keeping fuel security on the agenda. Market shock from oil: Brent pushed above US$100 amid Middle East tensions, lifting global bond yields and feeding rate-hike fears that dragged the ASX and raised the odds of higher borrowing costs for households and businesses. Electricity & storage momentum: The NEM’s BESS fleet reportedly earned AU$29m in August as capture rates improved, while new grid-connected storage and battery projects continue to move through approvals and commissioning. Climate heat warning: August was recorded as the hottest month on record globally, with UN and EU-linked monitoring pointing to worsening extremes and the need to cut fossil fuel use fast. Energy transition tech: Worley will engineer a renewable syngas demonstration plant in Antwerp for D-CRBN, using plasma conversion of CO2 and biomethane—another sign of Australia-linked engineering backing lower-carbon fuels. Regional energy diplomacy: Australia is listed among partners joining the Luzon Economic Corridor push, with transport and energy infrastructure flagged as key investment targets. Energy security debate: A new report highlights how “overshoot” scenarios could lock in severe impacts, including on water and health—raising the stakes for adaptation and emissions cuts.