Trump said the U.S. will scrap a 10 percent tariff on Irish whiskey, signaling a targeted shift inside broader duties on EU wine and spirits.
Saudi Arabia’s East-West pipeline shutdown could cut global oil supplies by 4% if repairs drag on, raising energy and inflation risks.
Russia is expected at G20 energy talks in Houston as governments weigh energy security, sanctions and Red Sea risks.
The Houthi capture of Mocha strengthens their position near Bab el-Mandeb, increasing risks to oil flows, prices and U.S. policy options.
Macron is pushing Brussels to consider an EU-wide under-15 social media ban after France’s top constitutional body blocked a national measure.
AfD’s landslide in Saxony-Anhalt leaves no clear governing majority and raises pressure on Germany’s energy, sanctions and coalition politics.
Daniel Driscoll’s reported resignation adds to Pentagon turnover and raises questions over U.S. defense policy, procurement priorities and wider economic effects.
US Treasury Secretary Scott Bessent reportedly told Russia that sanctions pressure will not ease before the war in Ukraine ends.
NATO confirms readiness to respond to Iranian threats targeting military bases in Bulgaria and Cyprus, highlighting rising geopolitical tensions with potential economic fallout.
The Russian-linked hacker group Cl0p claims to have stolen data from nearly 50 multinational firms, raising concerns about global cyber risks and economic security.
Ukraine claims successful strikes on Russian naval vessels and key infrastructure in Novorossiysk, impacting military capabilities and critical export terminals.
A major Wildberries logistics center in Voronezh was destroyed by fire amid drone attacks, causing significant losses and highlighting vulnerabilities in Russia's e-commerce supply chains.
Russia has authorized the sale of lower-grade Euro-2 to Euro-4 fuels through 2027 to mitigate supply shortages caused by attacks on oil infrastructure, balancing crisis needs with quality compromises.
Russia’s July oil and gas revenues may rise 60% year-on-year due to higher global prices, despite sustained EU sanctions targeting its energy exports.
Russia has closed the Azov-Don Canal indefinitely following Ukrainian drone attacks on vessels, disrupting grain exports and driving wheat prices higher amid escalating regional tensions.
Fuel prices in Crimea have surged nearly 80% in one week amid Russia’s export restrictions and supply shortages, signaling broader energy market challenges and policy shifts.
Russia's aviation fuel imports from Belarus surged nearly fourfold in May 2026 amid domestic production setbacks, prompting policy shifts and regional supply realignments.
Ukraine’s drone strikes on Russian refineries have forced Russia to impose fuel sales limits in 53 regions, signaling major disruptions in its oil sector with global economic impact.
Reports claim the UAE agreed to unfreeze billions in Iranian oil revenues to halt attacks, amid advancing Iran-US peace talks; official UAE denial follows.
US airstrikes on Iran prompt Tehran to close the strategic Strait of Hormuz, escalating geopolitical risks with major consequences for global energy markets and economic stability.
Ukrainian drone attacks have halved Lukoil’s NORSI refinery capacity, disrupting a quarter of Russia’s refining output and impacting global energy markets.
Germany considers President Steinmeier to represent the EU in Ukraine peace talks with Russia, amid skepticism over Moscow's negotiation intentions and strategic motives.