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Oil Energy

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Ukraine hits Kirishi refinery near St. Petersburg with drone swarm
world12 days ago

Ukraine hits Kirishi refinery near St. Petersburg with drone swarm

Ukraine launched a drone strike on Russia’s Kirishi refinery near St. Petersburg, hitting the second-largest oil refinery (about 20 million tonnes/year or ~400,000 barrels per day) with roughly 60 drones; the attack accompanies a broader wave of strikes on Russian energy and military targets, including Belgorod infrastructure and reports of radar/air-defense hits in Yeysk and Millerovo, plus other related incidents in the Black Sea region.

Hormuz Leverage Erodes as U.S. Blockade Tightens
politics13 days ago

Hormuz Leverage Erodes as U.S. Blockade Tightens

CNN analyst Brett McGurk argues that Iran is no longer winning the conflict over the Strait of Hormuz: the U.S. blockade has tightened, shipping lanes are being protected, and oil flows have rebounded to about two-thirds of pre-war levels, weakening Iran’s leverage. Iran’s economy is deteriorating under sanctions, with high inflation and job losses, limiting its ability to sustain the war. The U.S. strategy now appears more defined—blockade and pressure to abandon Hormuz control and nuclear ambitions—potentially tilting the balance toward Washington, though the risk of escalation remains.

Ukraine mounts a second major drone blitz on Moscow, targeting energy hubs
world2 months ago

Ukraine mounts a second major drone blitz on Moscow, targeting energy hubs

Ukraine launched a large overnight drone assault on Moscow, firing more than 60 drones as part of a broader wave across 18 Russian regions, including a strike on Moscow’s Dubna satellite communications center; Kyiv says it has disrupted multiple Russian centers to hinder Moscow’s invasion, while Russia reports civilian casualties and acknowledges fuel shortages as its energy infrastructure comes under pressure.

Ceasefire under strain as U.S.-Iran strikes continue and Doha denies peace bribe
world3 months ago

Ceasefire under strain as U.S.-Iran strikes continue and Doha denies peace bribe

U.S. forces carry out self-defense strikes in southern Iran as negotiations for a ceasefire mediated by Qatar continue, with Iran calling the attacks a grave violation and warning of retaliation; Qatar denies reports it offered Iran billions to seal a peace deal. Iran’s internet access is gradually returning after a long blackout, while regional tensions and anti-U.S./anti-Israel rhetoric persist and oil-market implications around the Strait of Hormuz loom.

Trump-Xi Summit Sets High Stakes for Global Trade and Taiwan
world4 months ago

Trump-Xi Summit Sets High Stakes for Global Trade and Taiwan

Trump and Xi head into a Beijing summit with a sprawling agenda—trade, technology, rare earths, Taiwan, the Iran war and AI—where outcomes could either ease global tensions or deepen volatility. A potential joint push to reopen the Strait of Hormuz could offer near-term relief on oil prices, but analysts warn the energy shock and broader sanctions dynamics make any breakthrough uncertain, with ripple effects for Southeast Asia, Europe and Japan and for the rules-based order.

Widening Middle East Crisis as US-Israel Strike Iran Sparks Escalation
world6 months ago

Widening Middle East Crisis as US-Israel Strike Iran Sparks Escalation

A widening crisis in the Middle East sees US-Israeli strikes targeting Iran triggering wider regional violence, with attacks reported in Iran and Lebanon and ongoing evacuations of foreigners. France has deployed Rafale jets and carrier assets to protect UAE bases amid the conflict, while global markets react to oil and gas supply disruptions and rising prices. Countries scramble to move citizens out, and the situation remains highly volatile as alliances tighten and strategic targets shift.

Global Shockwaves: Iran’s War Expands Across Middle East and Reaches Europe in 72 Hours
world6 months ago

Global Shockwaves: Iran’s War Expands Across Middle East and Reaches Europe in 72 Hours

In just 72 hours after U.S. and Israel began strikes on Iran, the conflict has spread across the Middle East and into Europe: Iran and proxies targeted Israel, the Gulf states, and U.S. bases, Hezbollah joined fighting in Lebanon, regional shipping is threatened through the Hormuz Strait, and Western powers hint at broader involvement as energy prices rise and security alerts surge at home.