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Ukraine’s Long‑Range Drones Deepen Russia’s Fuel Shortage

Sustained strikes on refineries and terminals have cut refining output, prompting Moscow to impose emergency measures to protect domestic supplies.

Oil Prices Slide as Strait of Hormuz Partly Reopens

Hormuz Shutdown Squeezes World Oil Supplies as Stocks Slide Toward Historic Lows

Oil Falls Sharply as Markets Price Tentative U.S.–Iran Understanding to Reopen Hormuz

U.S. Gas Prices Slide From Late‑May Peak but Stay Far Above Last Year

IEA: Russia’s April Oil Exports Slip as Revenues Rise on Stronger Prices

IEA Cuts 2026 Oil Demand Outlook as Gulf Disruptions Drain Stocks

Australia Unveils A$14.8 Billion Oil‑Shock Budget With Temporary Fuel Tax Cut

Oxford Trims Argentina’s 2026 Growth as IMF Flags Energy‑Shock Risks

U.S. Poised to Extend Waiver Letting Buyers Take Russian Oil Already at Sea

Italy’s Economy Minister Warns Energy Squeeze Could Push Country Into Recession

Russia’s Q1 Budget Deficit Hits 4.6 Trillion Rubles, Exceeds Full‑Year Plan

Meloni Launches Surprise Gulf Tour to Bolster Italy’s Energy Security

Bannon’s Call for CPAC to Endure Higher Gas Prices Falls Flat

Trump Urges Iran to Accept U.S. Peace Offer

Iran-Linked Oil Surge Pushes Back Fed Easing Plans, Revives Inflation Risks

Trump’s Political Standing Slides as Jobs Shrink, Gas Prices Jump, Immigration Furor Escalates, and Iran Fallout Mounts

OPEC Projects Q2 Drop in Demand for OPEC+ Crude as January Output Falls

Shell’s Shrinking Reserves Put 2030s Output at Risk as Pressure Mounts for Deals

Europe Sets LNG Import Record in 2025 as IEA Projects New Peak in 2026