This report analyzes significant recent developments in global politics and economics. It outlines major political and military events, including a new Israeli operation in Gaza and ongoing peace talks between Russia and Ukraine. The text also details important diplomatic and economic actions by the United States, such as presidential visits and large trade deals, alongside shifts in US-China trade relations. Furthermore, the report examines trends in the energy market, specifically focusing on fluctuations in crude oil prices influenced by supply and demand forecasts, and the state of the bitumen market across various regions, noting unique challenges impacting supply in Iran.