Saudi Arabia says it intercepted a Houthi ballistic missile aimed at Riyadh as attacks intensify around oil infrastructure and Red Sea trade routes.
CENTCOM said it destroyed five Iranian oil tankers after IRGC missile attacks, deepening risks around Gulf shipping and oil markets.
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 oil product production fell nearly 22% in June amid intensified attacks on its refining infrastructure, triggering fuel shortages and price volatility with global economic implications.
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.