A drone attack on Novorossiysk caused fires at a fuel oil terminal and residential building, raising risks for Russian oil, grain and cargo flows.
The US has imposed sanctions on five Cuban state-owned companies controlling 40% of GDP, escalating economic pressure with significant regional and global implications.
The US and Iran have agreed on a communication channel to prevent incidents in the Strait of Hormuz, setting a 60-day roadmap to finalize broader agreements impacting regional security and global energy markets.
Global oil inventories fell by a record 200 million barrels in April amid Middle East conflicts, pushing reserves to an eight-year low and signaling potential price hikes.
Uzbekistan's suspension of gold exports for over six months has resulted in a nearly 30% drop in exports, impacting trade balances and economic policy amid shifting regional partnerships.