Russian petroleum product production fell nearly 22% in June 2026 amid refinery disruptions and supply constraints, despite partial market stabilization claims.
Russian regions impose fuel purchase limits due to supply disruptions from Ukrainian drone attacks on oil infrastructure, affecting over 50 regions nationwide.
Bulgaria plans to veto the EU's new sanctions against Russia, citing risks to its oil industry and supply chains, while supporting Ukraine's EU accession talks.
Oil prices surged after President Trump's threats to block Iran's oil exports via the Strait of Hormuz, raising geopolitical risks and affecting global energy markets.