The U. S. Energy Information Administration raised its forecast for Brent prices to $87 per barrel for 2026 due to restrictions on transit through the Strait of Hormuz. Retail gasoline prices are projected to rise to $3.78 per gallon, contrasting with Trump's statement that the strait is open.
Former Prime Minister Yulia Svyrydenko will be appointed head of NJSC "Naftogaz. " The decision has been made, and the votes on the supervisory board have been secured.
Oil prices fell slightly after rising as analysts assessed progress in talks between Oman and Iran on shipping. Traffic through the strait fell to six vessels, while exports dropped to 3 million barrels per day.
Russia has intensified attacks on Ukrainian ports and warehouses, leading to a reduction in exports and the suspension of companies' operations. Experts predict a 5–10% increase in commodity prices due to logistical problems and shortages.
MP Yaroslav Zhelezniak said that groundless investigative actions are the main barrier to investment. Ukraine's reconstruction requires $588 billion, including private capital.
The Prime Minister held a meeting on the commitments under the Ukraine Facility, identifying problematic areas and deadlines. Ukraine has already attracted €29.5 billion out of the €46.8 billion envisaged by the plan.
Low water levels in the Rhine are increasing logistics costs for transporting oil and fuel, which is already affecting prices in the western regions. Fuel is most expensive in North Rhine-Westphalia and Hesse, while it is cheapest in Bavaria.
Ukraine is considering transporting grain by rail through Moldova to the Romanian port of Constanța. Kyiv is asking Chișinău for a 50% discount on tariffs, while Moldova is demanding guarantees regarding volumes.
As of August 11, 5. 63 million hectares have been harvested in Ukraine, accounting for 49% of the projected area, and 26.13 million tonnes of grain have been collected. Odesa, Kirovohrad and Mykolaiv oblasts are leading, while the highest yields have been recorded in Khmelnytskyi oblast.
Due to hostilities, consumers in the Zaporizhzhia, Kherson, Kharkiv, Sumy and Chernihiv regions are temporarily without electricity. The most difficult situation is in Odesa region, where network restrictions are being applied, but power outage schedules across the country are not forecast for today.
U. S. President Donald Trump extended for 90 days authorization for foreign vessels to transport oil and other goods between U.S. ports in circumvention of the Jones Act. The order narrows the scope of the exemption; now each voyage will be considered individually, and the Pentagon will consult with the Maritime Administration.
Starting August 11, 2026, the National Bank of Ukraine is introducing a package of eased foreign exchange restrictions, increasing limits for individuals and businesses. The changes are aimed at supporting individuals, business activity, and financial stability.
Record heat in the EU will result in losses of €180 billion, equivalent to 1% of GDP. Labour productivity and agriculture will be hit hardest.
Record-low water levels on the Danube are limiting grain flows through Romania, while Russian strikes are diverting Ukrainian exports from Odesa. This is increasing costs and delays, threatening global food supplies.
Consumer inflation in Ukraine rose to 7. 7% year-on-year in July. Food prices declined, while water and transport tariffs increased.
The Public Council under the Ministry of Finance plans to consider the taxation of lease payments for aircraft and initiate a general tax clarification. The reason was differing approaches to classifying such transactions as royalties, which led to criminal cases being brought against airlines.
Following Russia’s massive attack on August 9, energy workers restored power to 226. 7 thousand households in the Odesa region. During the day, outages may occur due to grid restrictions; some equipment is under repair.
As a result of shelling of energy facilities, some consumers in Donetsk, Dnipropetrovsk, Sumy and Kharkiv regions are without electricity. The most difficult situation is in Odesa region, where the enemy carried out new strikes; restrictions are not expected.
Iran announced its refusal to negotiate with the United States and put forward demands for the restoration of shipping in the Strait of Hormuz. This caused Brent oil prices to rise to $84.58 per barrel.
Ukraine may find a way to produce Patriot missiles more cheaply and faster than the United States. American manufacturers fear that Kyiv will improve the Patriot and mass-produce them at a lower cost.
Turkey has resumed the passage of vessels to the Black Sea after several days of delays. Earlier, the authorities had not issued transit permits for voyages to Russian and Ukrainian ports without explanation.
Moldova is preparing proposals to provide Ukraine with 20 locomotives. The ministers discussed competitive transportation costs and new routes to the Port of Constanța.
russia attacked Naftogaz assets in the east, west, and center of Ukraine with drones, damaging Ukrnafta's production infrastructure. A gas station employee was injured, the facilities were shut down, but the personnel were rescued.
Germany's gas storage level is exceptionally low, threatening supply shortages in November. Berlin refuses to abandon its free-market doctrine despite the risks.
On August 8, the Zaporizhzhia Nuclear Power Plant twice lost external power supply, and its own needs were switched to diesel generators. Energoatom emphasizes the risks to nuclear safety due to the Russian occupation of the plant.
Serbian President Vučić reported that trade turnover with Ukraine increased to $321 million in the first half of the year. The key imported commodity is iron ore.
Serbian President Aleksandar Vučić expressed interest in involving Ukrainian companies in infrastructure projects. The sides discussed cooperation in energy and agriculture.
A Russian drone struck a Ukrposhta vehicle heading to Kramatorsk. The fire was extinguished with the assistance of the Armed Forces of Ukraine; the driver was unharmed.
Due to the war in the Middle East, damage to refineries in the Persian Gulf and strikes on Russian refineries, Europe risks experiencing a diesel shortage. Fuel prices have already risen by nearly 40%, while stockpiles have fallen by 30%.
Ukraine’s power system got through a period of record August heat without electricity outage schedules. This was achieved thanks to adjusted repairs, the involvement of gas-fired generation, and increased imports.