
Russia's July Oil and Gas Revenues May Surge 60% Year-on-Year Amid Rising Prices
Russia's oil and gas revenues in July may rise 60% year-on-year due to higher global prices, despite ongoing sanctions and a year-to-date revenue decline.

Russia's oil and gas revenues in July may rise 60% year-on-year due to higher global prices, despite ongoing sanctions and a year-to-date revenue decline.

The US has lifted sanctions on Miami-based Bel-Kap-Steel, linked to Belarus’s metallurgical sector, amid political prisoner releases and evolving Minsk-Washington negotiations.

Wildberries warehouses in Saint Petersburg, Tver, and Crimea were attacked, disrupting logistics and highlighting strategic risks amid ongoing geopolitical conflict.

Ukraine urges a UN Security Council meeting as Russian attacks on Black Sea civilian shipping threaten global food security and trade routes.

Russia’s oil product production index fell nearly 22% in June amid operational disruptions from conflict-related attacks, impacting supply and pricing dynamics.

Iran’s Revolutionary Guards attack a Greek-owned oil tanker in the Strait of Hormuz, signaling increased maritime risks and strategic shifts affecting global oil transport.

The Russian State Duma amended the fuel dampener and trading rules to enhance domestic fuel supply and price stability amid export restrictions and refinery disruptions.

The US military has conducted its 11th consecutive night of strikes on Iranian military targets to curb threats to commercial shipping in the Strait of Hormuz amid escalating hostilities.

The US initiates a $100 million humanitarian aid program to Cuba while maintaining sanctions and exploring military options against Havana's regime.

The US military has conducted ten consecutive days of strikes against Iranian targets, escalating tensions in the Persian Gulf as Tehran retaliates with drone and missile attacks.

The US government imposes 50% tariffs on Canadian imports including wine and cement, escalating trade tensions and challenging the USMCA trade framework.

The IMF has approved a $690 million tranche to Ukraine under its four-year EFF program, acknowledging solid macroeconomic management despite delays in structural reforms amid ongoing conflict.