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.
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 US launched a third wave of strikes on Iran after the IRGC attacked a civilian container ship in the Strait of Hormuz, leading to the strategic waterway's closure and escalating regional tensions.
The US has launched new military strikes against Iranian targets to limit Tehran's interference with shipping in the Strait of Hormuz, escalating tensions after tanker attacks.
The US military launched strikes on Iranian targets following attacks on tankers in the Strait of Hormuz, alongside renewed sanctions on Iranian oil, escalating tensions and complicating Gulf security.
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.
Bulgaria’s Prime Minister Rumen Radev announced a veto on the EU’s latest Russia sanctions package, citing economic risks to key sectors and opposing sanctions on Patriarch Kirill.
The US Treasury has ended its temporary waiver on sanctions for Russian oil shipments, prompting strategic reassessments among energy sector executives and boards.
Iran has delivered a 14-point peace proposal to the U.S., demanding troop withdrawals, sanctions relief, and reparations, while Washington remains doubtful about its acceptance.
Moscow’s 2026 Victory Day parade will forgo military vehicles for the first time in years, reflecting strategic shifts amid security and operational challenges.
Iran accuses the U.S. of ceasefire violations after American forces seized an Iranian cargo ship in the Gulf of Oman, complicating diplomatic negotiations and regional stability.
Global airlines reduce flight capacity by 3% in May due to jet fuel shortages caused by Middle East conflicts and the Strait of Hormuz blockade.