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 conducted airstrikes on Iranian military sites after Iran attacked a Singapore-flagged cargo ship in the Strait of Hormuz, escalating tensions and impacting global trade routes.
France and Italy express concerns over the EU's proposed ban on entry for Russian combatants, fearing broad application that could affect all Russian nationals amid intensified sanctions.
Russia’s maritime oil exports have reached a 2026 peak amid US sanctions shifts and rising competition from Iran, but falling prices and refinery attacks threaten revenue growth.