A bipartisan Senate group says easing sanctions on Russian diesel would fund Moscow’s war while offering little relief to U.S. fuel consumers.
CENTCOM’s strike on the M/V Ocean Molica highlights rising maritime enforcement risks for shipping, energy markets and companies exposed to Gulf routes.
Zelensky says Ukraine may support a U.S.-backed energy truce if Washington can prove Russia is genuinely ready to end the war.
The Russian State Duma has amended tax laws to refine the fuel dampener system and import compensation, aiming to stabilize domestic fuel prices and supplies amid sector disruptions.
Gasoline prices in annexed Crimea surged 78.4% in early July amid Russia’s fuel shortages, export bans, and increased imports, signaling severe supply challenges.
European leaders back the US-Iran peace deal emphasizing rapid execution, nuclear non-proliferation, and restoring free navigation through the strategic Strait of Hormuz.
Lufthansa plans to cancel 20,000 flights through October 2026 and retire older aircraft to save over 40,000 tonnes of aviation fuel amid rising energy costs and geopolitical tensions.