Global oil inventories fell by 200 million barrels in April due to the war in the Middle East. Fuel reserves have reached an eight-year low.
Trump has suspended the escorting of vessels in the Strait of Hormuz to finalize a deal with Iran. The blockade of ports and economic pressure on Tehran remain in effect.
The US has allowed Venezuela to hire advisors to prepare for the restructuring of $60 billion in debt. Direct payments and negotiations with creditors remain prohibited for now.
Saudi Aramco has cut the price of Arab Light crude for Asia by $4 per barrel. The cost remains at record levels due to the war and restrictions in the Strait of Hormuz.
The US has completed the military operation Epic Fury against Iran. The new mission, Project Freedom, will ensure the safety of navigation in the Strait of Hormuz.
Russian strikes across Ukraine killed 27 people and injured 120. The occupiers attacked civilian infrastructure and killed 12 people in Zaporizhzhia.
The Government of Kazakhstan plans to stop importing electricity from the Russian Federation in 2027 thanks to new capacities. The country continues its course towards reducing dependence.
A drone attack halted operations at the Kirishi Refinery due to damage to three distillation units. The facility accounted for approximately 7% of Russia's oil refining.
Zelenskyy discussed diplomacy in the Middle East and condemned Iran's strikes on the UAE. Ukraine is preparing new security solutions for Bahrain and the Gulf countries.
Schools and universities will receive autonomous power sources to operate during blackouts. Universities must develop projects to attract donor funding.
Over the past year, the Federation of Trade Unions of Ukraine has restored communication with the government and parliament, intensified social dialogue, and achieved concrete results for workers—ranging from wage increases to the settlement of arrears to labor collectives.
Gazprom declared a profit thanks to accounting adjustments and rising prices for Russians. Export revenues are falling due to new European Union sanctions.
Due to enemy attacks, some residents in four regions are without electricity, and there are fatalities at gas facilities. No power outage schedules are forecasted for today.
The Russian Federation attacked energy facilities in five regions, killing four people in the Poltava region. Zelenskyy promises a mirror response for the shelling of infrastructure.
At night, the enemy attacked gas production enterprises in the Poltava and Kharkiv regions with drones and missiles. Five people were killed, and another 37 were injured.
Scott Bessent urged Beijing to use diplomacy to unblock the Strait of Hormuz. The issue will be discussed by Trump and Xi Jinping at the summit in Beijing.
As a result of the repeated strike on Poltava region, two rescuers and two civilians were killed. Another 31 people were injured, three of whom are in serious condition.
The IAEA recorded damage to the meteorological equipment of the ZNPP laboratory following reports of a drone attack. Rafael Grossi called for maximum restraint near nuclear facilities.
Brent rose to 114 dollars following Iranian attacks on vessels and a UAE oil port. The U.S. military destroyed six Iranian boats in the Gulf.
Valdis Dombrovskis stated that the EU economy is slowing down and inflation is rising. New forecasts will depend on the conflict and energy prices.
Rheinmetall's revenue amounted to 1. 9 billion euros, compared to the expected 2.3 billion euros. The company attributes this to payment deferrals and an accident at its Spanish plant.
A 62-year-old man was wounded and private houses were damaged in Dnipro due to Russian shelling. Hits on two critical infrastructure facilities were also recorded.
Three Indian citizens were wounded due to an Iranian drone attack on the Fujairah oil zone. Earlier, the UAE intercepted three Iranian missiles over its territory.
The European Commission is blocking funding for Huawei solar inverters due to risks to energy grids. The ban also applies to manufacturers from the Russian Federation, Iran, and the DPRK.
Zelenskyy and Costa discussed opening six negotiation clusters with the EU. Ukraine expects the unblocking of 90 billion euros in financial aid.
Russia attacked five Naftogaz facilities in the Sumy and Kharkiv regions. The operation of damaged equipment has been halted due to fires and destruction.
At the summit in Yerevan, Zelenskyy discussed air defense and announced $200 million from Canada. NATO confirmed the continuation of anti-ballistic missile deliveries.
Due to shelling, parts of four regions have been left without electricity. The Ministry of Energy does not plan to introduce consumption restriction schedules.
The average price of gasoline in the US has reached $4. 45 per gallon due to the war with Iran. Since February 28, fuel has become more expensive by $1.47, or almost 50 percent.
The US is launching Project Freedom to lead vessels out of the Strait of Hormuz. The initiative will assist stranded crews and restore oil supplies.
