Russia permits sale of Euro-2 to Euro-4 fuels until 2027, citing energy infrastructure damage and a fuel supply crisis triggered by conflict-related disruptions.
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.
Cuba's nationwide blackout on July 6 highlights the deepening energy crisis driven by U.S. sanctions and stalled diplomatic negotiations.
Russia permits use of higher-sulfur Euro-3 fuels domestically until 2026 to alleviate refinery disruptions caused by ongoing conflict, with implications for energy security and environmental standards.
The US imposes sanctions on Cuba’s state oil company CUPET, intensifying economic pressure amid political tensions and a worsening energy crisis.
Donald Trump and Xi Jinping met in Beijing to discuss key issues including Iran’s blockade of the Strait of Hormuz and ongoing trade disputes, signaling a potential recalibration of Sino-American relations.
Lufthansa plans to cut 20,000 flights by late 2026 to save over 40,000 tonnes of jet fuel amid the energy crisis triggered by Middle East tensions, signaling major structural shifts in aviation.