Art of the deal - Prices of benchmark crude oil fell as much as 4% on Monday to touch $80/bbl after US Predisent Donald Trump announced a deal to end the conflict with Iran will be signed this Friday. It comes after weeks of negotiations and ceasefire violations between the two countries. Trump added that the Strait of Hormuz, through which nearly a fifth of global energy supplies and crucial processed commodities like jet fuel oil passed before the conflict began, will also reopen indefinitely and without tolls on Friday. Under the preleminary deal, more thorny issues like Iran's nuclear programme and sanctions relief will be discussed over the next 60 days.

Global biochar production has nearly tripled in the past two years and is projected to reach more than 9 million tonnes annually by the end of the decade, as the carbon removal technology moves from an emerging industry into large-scale commercial deployment, according to a new market report.

Negotiators and observers are questioning how the UN’s process of assessing Article 6.2 initial reports could become more iterative and better at isolating major concerns, as common reporting pitfalls have led UN teams to declare inconsistencies in every review to date.

Electrifying - Australian road freight company New Energy Transport (NET) has secured A$5 mln ($3.5 mln) to fast track deployment of its electric trucks by the end of 2026, ESD News reported. The plan will see NET invest in twenty new electric prime movers supported by six mobile ultra-fast charging units strategically placed on heavy road freight corridors throughout NSW. NET said the cash came via an equity raise backed by institutional investors Jekara Group and facilitated by advisory Pollination. The company is also developing a heavy electric trucking depot at Wilton in NSW that is expected to be operational by 2027.

Binding concrete - ASX-listed Hazer Group announced it has signed a binding MoU with construction materials company Hallet Group to work together on product development and potential graphite offtake discussions in South Australia. Graphite is a by-product of Hazer's low emissions hydrogen production process, with the MoU using Hallet's R&D capabilities to integrate the graphite into concrete and other potential applications. The deal sees Hallet having exclusive rights to Hazer's graphite in the South Australian concrete market until Jan. 1, 2027. Hallet is currently working on a A$200 mln ($141 mln) green cement project in Port August as part of its broader decarbonisation strategy.