Russia's July oil and gas revenues may rise 60% year-on-year due to higher global prices, despite cumulative annual declines and ongoing EU sanctions targeting energy exports.
The US launched airstrikes on Iranian military and infrastructure targets and reinstated a maritime blockade, triggering retaliatory attacks on American bases in the Gulf region.
US extends temporary license for Serbian oil company NIS, allowing continued operations amid delays in Gazprom’s stake sale to MOL under sanctions.
Pakistan announces the immediate reopening of the Strait of Hormuz following a ceasefire memorandum signed by the US and Iran, signaling shifts in regional trade and energy markets.
G7 leaders pledge new sanctions targeting Russia's oil and gas sectors and increase military aid to Ukraine, including advanced weaponry and support for domestic arms production.
The US has sanctioned Cuba’s state oil company CUPET, intensifying economic pressure amid a deepening crisis and targeting key Cuban political figures.
US Treasury grants MOL a 10-day extension to negotiate the acquisition of Gazprom’s controlling stake in Serbian oil company NIS amid ongoing sanctions.
The US military conducted defensive strikes on southern Iran targeting missile sites and mine-laying vessels amid a fragile ceasefire and ongoing peace negotiations.
Russian missile and drone attacks have struck Ukrainian port and energy infrastructure, causing damage but no casualties, amid escalating conflict challenges for business operations.
CEO pay in Germany's largest firms has surged 56% since 2019, while worker wages remain below pre-pandemic levels, fueling growing income inequality amid inflation and global challenges.
The US mediates a three-week extension of the Israel-Lebanon ceasefire and hosts leaders to advance historic peace negotiations, impacting regional stability and business prospects.