The fortnight saw that structural realignment of the world’s energy mix continues to accelerate. While the initial US-Tehran agreement promises to unwind critical oil sanctions and reshape global maritime logistics, India’s Biofuel Mandate -- Ethanol Blended Petrol Programme -- scales rapidly, forcing the automotive sector to accelerate flex-fuel deployment.Let’s get started!Richa MishraFortnight that was:The Finance Ministry issued a series of notifications exempting petrol with an ethanol blend of 22 per cent to 30 per cent from Central Excise Duty. However, the Oil Ministry noted that these higher blends will not be rolled out until extensive testing and stakeholder consultations are complete. businessline bureauOMCs received ₹1.23 lakh crore support to hold fuel prices. Fertiliser Ministry seeks double the subsidy allocation. businessline bureauOn June 12, Indian External Affairs Minister S. Jaishankar phoned U.S. Secretary of State Marco Rubio to register a “strong protest” about the killing of three Indian seafarers by U.S. strikes in the Gulf of Oman on June 9. Media reportsIran on Saturday said that it closed the Strait of Hormuz because of Israel’s attacks in Lebanon and warned that while negotiators were going to Switzerland for talks with the United States on their interim agreement, not much likely will happen if the fighting doesn’t stop. US President Donald Trump, in response, threatened to impose US tolls in the crucial waterway if a final deal with Iran isn’t reached in 60 days, saying the money would be for “services rendered as the Guardian Angel to the countries of the Middle East”. His social media post underscored that the agreement calls for toll-free travel for 60 days. Media reports (AP-PTI)Trending topics:Electricity bills set for reset; CEA proposes roadmap for fixed charges from users. Rishi Ranjan KalaClick here to read moreThe fresh wind turning Suzlon 2.0 turbines. M Ramesh and Avinash NairClick here to read morePolicy uniformity, public trust vital for India’s ethanol blending success. Richa MishraClick here to read moreBulk users diverted 3.50 lakh tonnes of diesel sales to retail outlets in May forcing Govt to cap sales. Rishi Ranjan KalaClick here to read moreWhere to put your green money: AP, Uttar Pradesh and Rajasthan stand out in India’s energy transition. Rishi Ranjan KalaClick here to read moreExpert insights:The chip industry requires huge, uninterrupted power and water supply. India’s energy and chip policies need to be in sync. Richa MishraClick here to read morePodcasts:In the latest episode of Energonomics, Richa Mishra, explores the future of Indian energy security with a true titan of the industry — Dr. A.K. Balyan. Dr Balyan, a pioneer who launched India’s first commercial Coal Bed Methane project, is currently Secretary General of the Coal Gasifiers Association. He breaks down the reality of India’s 2030 coal gasification mission.Click here to watchStay tuned in!Follow us for the latest updates, news, and insights on the energy sector!Published on June 21, 2026