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Russian economy avoids recession and can fund war for two more years
The Russian economy has avoided recession thanks to high oil prices and fiscal stimulus, yet the Kremlin will be able to sustain the current pace of war for at least another two years. This is evidenced by estimates from Ukrainian economists, who…
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Hormuz Strait blockade costs energy importers $330 billion in six months
Due to the blockade of the Hormuz Strait between March and August 2026, global fossil fuel importers paid $330 billion more than pre-war forecasts. These figures were released by the Centre for Research on Energy and Clean Air (CREA).
Global oil prices decline amid talks on the Strait of Hormuz
Oil prices for Brent and WTI benchmarks decreased by 0.5% amid negotiations between Iran and Qatar regarding control over the Strait of Hormuz. Investors are hopeful for a resumption of energy supplies, which had previously fallen to a quarter of…
Maritime oil exports from Russia hit lowest level since April
Maritime supplies of Russian oil have been shrinking for five consecutive weeks amid Ukrainian strikes on energy infrastructure. Last week, shipments fell to 22.38 million barrels.
US creates shipping corridor in Hormuz for oil transport
The US military has quietly established a secure shipping route through the Strait of Hormuz, allowing millions of barrels of oil to be transported daily. The operation involves 15 to 20 tankers moving through the southern channel.
Global oil prices continue to rise amid Middle East escalation and supply risks
Benchmark crude oil prices continue to climb on international markets. The trend is driven by worsening geopolitical tensions surrounding Iran and heightened concerns over energy supply disruptions.
