TotalEnergies' updated strategy receives positive feedback from Jefferies analysts, who note its consistency and potential for higher short-term returns. The French energy firm maintains growth targets through 2030 and increases shareholder distributions, with shares rising 0.78% to 80.6 euros.

Oil prices surge over 2% following President Trump's rejection of Iran's truce proposal, keeping geopolitical risks elevated. Brent crude climbs to $107.15 per barrel while WTI reaches $94.21, as analysts warn of ongoing disruption risks in the Strait of Hormuz.

Korea Electric Power (KEPCO) faces financial constraints that may limit its ability to invest in joint nuclear projects with Westinghouse Electric, according to Nomura analysts. The state utility's bond-issuance cap will drop to 65 trillion won after 2027, potentially hindering large capital commitments.

Tenaga Nasional's second-quarter gas costs could exceed previous peaks, raising concerns about fuel expenses into 2027. Maybank IB maintains a buy rating with a target price of 15.70 ringgit, despite potential short-term cost pressures from waived fuel surcharges.