Russia’s oil product production index fell nearly 22% in June amid war-inflicted damage to refining capacity, signaling deep structural economic challenges.
Russia’s State Duma amends fuel dampener rules and import compensations to stabilize domestic fuel prices amid refinery disruptions and export limits.
The US launched airstrikes on Iranian military and infrastructure sites, prompting retaliatory attacks on US bases in Bahrain and Kuwait, escalating tensions with significant economic ramifications.
Gasoline prices in annexed Crimea nearly doubled in early July amid Russia's ongoing fuel supply crisis and policy shifts, revealing deep structural challenges in its energy sector.
The US resumed airstrikes on Iran following the downing of an Apache helicopter over the Strait of Hormuz, reflecting escalating regional tensions with significant economic implications.
Ukraine's drone strikes have forced Russia's Nizhny Novgorod refinery to halve its processing capacity, disrupting a significant portion of the country’s fuel production.
The UK has issued an indefinite license allowing imports of Russian-origin diesel and kerosene to ease fuel prices amid geopolitical energy disruptions.
Rising jet fuel prices amid Middle East conflict force airlines to cut flight capacity by 3% in May, threatening European economic connectivity.