Asia
Resolution No. 875 requires a 20% advance payment before authorization to export weapons. Manufacturers are calling for the rules to be changed due to the loss of foreign customers.
The EU risks losing up to 14 billion cubic meters of gas this winter due to low storage levels and supply disruptions. This could drive up prices.
Riyadh may launch an offensive in Yemen in the coming weeks to retake Bab el-Mandeb. More than 100,000 troops are planned to be involved in the operation.
Washington has banned imports of a range of Canadian goods worth about $1 billion. The restrictions came in response to Canadian tariffs.
EU gas storage levels have fallen to a record low of 67% ahead of winter. The cold season could push LNG prices to $40 per million BTU.
Russia brought foreign media workers to occupied Donetsk for staged visits. The Center for Countering Disinformation called it an operation to legitimize the occupation.
"Rosneft" has shipped oil from a new terminal on the Taimyr Peninsula. Exports currently amount to about 150,000 barrels per day.
At the UN debate, Zelenskyy stated that Putin seeks to seize more Ukrainian cities, not just Donetsk Oblast.
The Russian Federation has begun exporting oil from Vostok Oil in the Arctic. Production is planned to increase to 1 million barrels per day by 2030.
The Foreign Minister said that Russian Houses are used for disinformation, destabilization, and espionage. Ukraine has appealed to governments around the world.
G20 energy talks involving a representative of Russia will be held in Houston. The meeting will take place amid fuel shortages and rising prices.
The Houthis seized the port city of Mokha in Yemen and strengthened their influence over the Bab el-Mandeb Strait. This happened some time after Donald Trump’s statement on the situation in the region.
In August, the FAO Food Price Index rose to its highest level since November 2022. Weather and the war drove up grain and sugar prices.
Ankara has proposed a mechanism for the safe export of grain through the Black Sea and is discussing it with Kyiv and Moscow. The parties have not yet reached an agreement.
Brent prices rose 1. 6% after the U.S. strike on Iranian missile installations. Markets are anticipating a possible Federal Reserve rate hike.
Wheat in Chicago rose to its highest level since July 2023. The market fears export disruptions due to a new escalation of the war.
The PanStar Acro set sail from Busan to Europe via the Northern Sea Route. The route cuts the journey by 7,000 km, but carries environmental and political risks.
A lunar eclipse will occur on the night from Thursday to Friday. It will last 5.5 hours and will be visible to billions of people.
Zelenskyy informed Guterres about Russian strikes and civilian casualties. The parties discussed attacks on ports and the threat of rising prices.
Serbian President Aleksandar Vučić said that after the war ends, Belgrade and Kyiv could significantly expand economic cooperation and jointly enter the markets of third countries, particularly in Asia and Africa. He emphasized the potential for cooperation in energy, extraction, and agriculture.
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%.
Despite the increase in forest fires in Europe and North America, global carbon emissions from fires have become the lowest in 25 years. This is due to a record reduction in fires in Africa and Asia.
Pivdennyi GOK suspends mining due to Russian attacks on vessels in the Black Sea. The enterprise has accumulated batches of ore due to the blockade of exports.
Equinor CEO stated that Europe may not achieve the goal of filling storage facilities to 80% due to market tensions. The reasons are competition with Asia and the cessation of Russian gas supplies.
The head of the Ministry of Foreign Affairs of Ukraine stated that Russian attacks on civilian vessels threaten global food security. He called on the world to show solidarity and stop the terror.
Ukraine has requested an urgent meeting of the UN Security Council on July 27 due to russian attacks on civilian vessels in the Black Sea. Acting Minister of Foreign Affairs Andrii Sybiha stated that russia is holding global food security hostage.
A UN report shows that transnational crime in Asia uses AI and new technologies for fraud. Children are exposed to risks through online games and AI-generated sexual images.
LNG shipments to Europe are falling due to the war in the Middle East and demand in Asia. The region is forced to compete for resources to fill gas storage facilities.
Russia has deployed the vessels Kosmos, Mercury, Orion, and Luch for shipments from Arctic LNG 2. In total, the shadow gas fleet already consists of at least 20 tankers.
Sony introduced the Xperia 1 VIII featuring a new design and an AI assistant. The smartphone is equipped with a large telephoto sensor and the Snapdragon 8 Elite processor.