Good afternoon, all. We’re racing towards the final stretch of the week and into the weekend.

THE BIG STORY TODAY-

Israel may restart natural gas supplies to Egypt as early as Thursday, but domestic demand will continue to take priority over exports, Bloomberg reports, citing Israeli Energy Minister Eli Cohen.

BACKGROUND- Over the weekend, Tel Aviv shuttered the Leviathan field as well as the Karish field in the wake of military strikes on Iranian targets, taking away 800 mcf/d from our national gas grid. Reduced gas flows from Israel not only mean an increased reliance on significantly more expensive LNG or Mazut imports, but also put a significant strain on Egypt's efforts to keep the lights on ahead of high-demand summer months.

THE BIG STORY ABROAD-

Wide-ranging speculation is mounting over potential US military involvement in Israel’s ongoing war with Iran, as Donald Trump calls for Tehran’s “unconditional surrender” and weighs options that include targeting nuclear sites. The prospect of direct US strikes has triggered panic in Tehran, where thousands are fleeing the capital amid Israeli calls to evacuate areas ahead of air raids. Iran, which has fired hundreds of missiles at Israel since Friday, has warned it will retaliate against US military assets if Washington joins the fight. (Bloomberg | Reuters | The Washington Post)

☀️ TOMORROW’S WEATHER- The capital is in for a sunny day tomorrow, with the mercury set to peak at 37°C throughout the day before cooling down to 22°C at night. The North Coast will be experiencing cooler weather, with the temperature expected to reach just 29°C during the day and 20°C at night, according to our favorite weather app.

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