Russian integrated energy giant
The Strait of Hormuz has been declared fully open for commercial vessels following Iran's announcement, leading to a sharp decline in oil prices. The move comes amid a ceasefire in Lebanon and ongoing US-Iran talks, with markets responding positively to the de-escalation of tensions.
Kazakhstan has redirected up to 100,000 metric tons of crude to the Baltic port of Ust-Luga and another 160,000 metric tons via the CPC in southern Russia, in a shift that follows attacks on the Druzhba pipeline and raises questions over supply to Germany and Berlin’s PCK refinery.
Ukrainian drones have repeatedly struck the Tuapse refinery and offshore terminal, intensifying fires and an oil spill that authorities say remains under containment. Officials warn of ongoing smoke, benzene levels and environmental damage as Moscow argues this targets revenue; Kyiv says it disrupts Russia’s war effort. The global oil market remains sensitive amid these attacks.
EU foreign ministers are discussing the idea of engaging directly with Russia to end the Ukraine war, with Kyiv urging Europe to take a strong role. Names floated for a potential EU envoy include Angela Merkel, Mario Draghi, and Sauli Niinistö, though Brussels remains cautious about impartiality amid stalled US-led negotiations.
Ukrainian drone strikes and falling drone debris have caused fires at multiple Russian oil facilities this month, including an oil terminal in Novorossiysk that has wounded two people and reported damage at Taganrog and Armavir. Kyiv has been carrying out long-range strikes to disrupt Russian oil exports and revenues.
Ukraine has struck multiple oil facilities and fuel depots across southwestern Russia, expanding its long-range drone campaign. Reports indicate large fires and evacuations, with officials citing damage to civilian infrastructure and an IAEA-monitored situation at Zaporizhzhia. Russia and Ukraine continue to exchange strikes as both sides argue over targets and consequences.
Ukrainian forces have carried out long‑range strikes deep inside Russia, targeting drone components and oil infrastructure. Authorities report damage at facilities in Cheboksary and Samara, while Kyiv says other oil facilities and drones are being targeted. Russia reports drone activity and counterstrikes across multiple regions.
Ukraine has intensified drone strikes on Russian refineries, depots and fuel convoys. Russia has introduced local rationing, banned gasoline and jet-fuel exports, and is weighing a diesel export ban while opening antitrust probes, forming an industry task force and planning imports and subsidies to stabilise supplies.
The United States has suspended sanctions on Russian oil to calm volatile energy markets during the Iran conflict. A memorandum of understanding with Tehran aims to end the war and restore oil flows through the Strait of Hormuz. Officials warn that it could take months for shipments to normalize amid lingering uncertainty about waivers and sanctions policy.
Ukraine has expanded long‑range drone and missile strikes on Russian oil refineries and fuel infrastructure, hitting facilities from Siberia to the Black Sea since late June. The attacks have forced outages at major plants, triggered fuel rationing and price spikes across Russian regions and added pressure on Moscow's military logistics and export routes.
Putin has acknowledged that Ukrainian strikes have caused fuel shortages and queues at petrol stations, while insisting the shortage is not yet critical. He vows to boost air defences and ensure fuel supplies as Ukraine expands long‑range attacks on Russia’s energy infrastructure. The remarks follow a spike in refinery and fuel facility strikes and growing public discontent.