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.
President Zelensky has nominated Sergey Koretsky as Ukraine's new prime minister, with parliament expected to approve the government reshuffle on July 16, including key defense ministry changes.
The US has launched strikes against Iran to prevent attacks on civilian shipping in the Strait of Hormuz, escalating tensions with significant business and geopolitical implications.
The US extends NIS's operational license amid delays in MOL’s acquisition of Gazprom’s 56% stake, allowing Serbia’s key oil refinery to continue functioning under sanctions.
Ukrainian drone attacks on Crimea have caused fires at Kerch port and other strategic locations, prompting active Russian military defense responses.
G7 leaders commit to new sanctions on Russian energy and expand military aid to Ukraine, aiming to intensify economic pressure and support Ukraine's defense capabilities.
European leaders back the US-Iran agreement, stressing swift action, nonproliferation, and restoring navigation through the strategic Strait of Hormuz to stabilize markets.
The U.S. has sanctioned Cuba’s state oil company CUPET, intensifying pressure on the communist regime amid a severe economic crisis worsened by disrupted Venezuelan oil supplies.
US forces shot down four Iranian drones threatening the Strait of Hormuz and struck Iranian radar stations, underscoring escalating regional tensions affecting global energy routes.
Recent Russian strikes have damaged critical Ukrainian port and energy infrastructure, challenging corporate strategies in logistics and energy sectors amid ongoing conflict.
Oxfam reports a 56% rise in CEO pay among Germany’s DAX 40 companies since 2019, while average worker wages remain below pre-pandemic levels, intensifying income inequality.
The US Treasury announced it will not extend temporary sanctions waivers allowing purchases of Russian and Iranian oil shipments, signaling a strategic enforcement shift with broad implications for global energy markets.