The US is taking control of oil flows in Iran to pressure Beijing. The US has already done the same in Venezuela.
The head of the European Council stated that the conflict in the Middle East helps Russia finance the war against Ukraine. The world's attention and resources are diverted from Kyiv.
The European Union revised its decision after Georgia's commitments not to service sanctioned vessels. Kulevi Port avoided restrictions thanks to guarantees.
The jump in oil prices above $100 has become a lifeline for the Russian budget. Experts believe this will help the Kremlin postpone difficult decisions.
Iran plans to introduce a security tariff for ships of US allies in the Persian Gulf. The country's authorities seek to control world oil prices through the strait.
Minister János Lázár confirmed the deliberate confiscation of gold and currency due to the shutdown of "Druzhba". Ukraine has opened a case regarding the abduction of collectors.
Due to attacks on infrastructure, parts of five regions are without electricity. In the evening hours, power outage schedules may be applied for the population.
The cost of Brent and WTI fell by 4% due to expectations of de-escalation of the conflict with Iran. Trump suggested easing sanctions against Russia to stabilize prices.
Due to shelling of energy infrastructure and the closure of the Strait of Hormuz, Brent crude oil prices reached $120. Israel attacked Tehran in response to drone strikes.
The Trump administration allowed India to buy Russian oil at sea due to rising prices. Valdis Dombrovskis stated that this decision is time-limited.
Prime Minister Shehbaz Sharif closed schools for two weeks and switched universities to online learning. Officials' salaries were cut, and foreign visits were banned to save money.
The US President announced the lifting of restrictions to lower fuel prices. Trump also announced the swift end of the war against Iran in the near future.
The US administration is exploring the option of controlling the strategic strait for oil supplies. Energy prices remain at $100 per barrel.
The dictator called on the EU for non-politicized cooperation amid the energy crisis. He warned of a halt in supplies through the Strait of Hormuz and rising prices.
The Governing Board of the Ukraine Investment Framework approved 8 programs for logistics and energy efficiency. Funds will be directed to roads, housing, shelters, and borders.
Ukrenergo is introducing electricity supply restrictions from 8:00 AM due to the consequences of Russian attacks. The schedules will apply to household and industrial consumers.
G7 countries have decided not to use oil reserves to stabilize prices for now. France confirmed its readiness for coordinated steps if necessary.
The euro exchange rate fell to a four-month low due to rising oil prices. Investors expect stagflation in the eurozone and are massively buying up the US dollar.
Law enforcement officers shut down three illegal gas stations and seized 62,000 liters of fuel. Products of questionable quality were sold for cash.
The Greek vessel Shenlong successfully navigated the dangerous strait despite the threat of Iranian attacks. Most operators still refuse to sail in the region.
The company is not investigating Likunov and Rykovtsev due to the absence of official complaints. UZ claims ignorance regarding losses in tenders.
The European Commission stated that it currently has no new data regarding oil supplies via the 'Druzhba' pipeline. At the same time, Brussels continues consultations with Ukraine and EU countries that express concerns about possible disruptions, and assures that Europe is prepared for risks through diversification of energy supply.
Yulia Svyrydenko discussed the availability of fuel on the market with operators. Ukrnafta will become a price benchmark, and the AMCU will check for possible abuses.
Due to the rise in world oil prices above 100 dollars, the cost of diesel in Ukraine may increase to 90 UAH. New batches of fuel are already becoming more expensive in wholesale.
The Hungarian Prime Minister appealed to the EU to suspend sanctions against Russian energy. Orban accuses Ukraine of blocking oil supplies.
Expert Serhiy Kuyun explained the price increase by the need to purchase new batches at world prices. The cost of diesel at the border reached 80 hryvnias.
Satellites recorded tankers being loaded at the key terminal after the attacks. Tehran is using covert routes to maintain supply rates.
Commander-in-Chief Syrskyi announced the liberation of 285 sq. km in the Oleksandrivka direction. DeepStrike attacks reduced oil refining in Russia by almost a quarter.
Péter Szijjártó called on the EU to lift the energy embargo due to the threat of shortages. He believes that the war in the Middle East will cause a sharp increase in prices.
Macron announced the possibility of using strategic oil reserves due to the war against Iran. G7 ministers will discuss mobilizing up to 400 million barrels.
