Geopolitics
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Ukrainian Drones Hit Ryazan Refinery, Ending Pause in Energy Strikes
LONDON, July 8 — Against this backdrop of escalating conflict in the Black Sea, Ukraine’s recent strikes on…
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The Economic Impact: How Oil Revenue Funds Russia’s War Machine
MOSCOW, July 8 — The shift is already underway in the Black Sea and the Baltic, and it…
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Oil Prices Jump Nearly 6% After Trump Ends Iran Ceasefire
WASHINGTON, July 8 — On March 30, 2025, President Donald Trump declared the ceasefire agreement with Iran “over,”…
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Russia Halts Crude Loadings at Novorossiysk’s Sheskharis Terminal After Drone Attack
NOVOROSSIYSK — The black smoke has long since cleared from the waters off Russia’s largest oil export port,…
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OPEC+ Quotas, Shipping Chokepoints and Reserves Drive Oil Futures in 2026
NEW YORK, July 8 — The bottom line: a single statement from President Donald Trump sent oil prices…
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Strait of Hormuz Closure Could Push Oil Past $98 and Cut Global Growth, Dallas Fed Says
MUSCAT, July 8 — Global energy markets are watching a narrow stretch of water with renewed concern this…
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Oil Prices Surge 6% After Trump Declares US-Iran Ceasefire Over
WASHINGTON, July 8 — The headline number: 5.8 percent. That is how much Brent crude futures surged on…
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Oil Reserves and Shipping Chokepoints Leave Global Supply Exposed, Analysis Finds
WASHINGTON, July 8 — A 21-mile-wide maritime chokepoint carries roughly one-fifth of the world’s daily oil consumption. That…
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US Strikes on Iran Rattle Global Oil Prices and Supply
TEHRAN — The aftershocks of a single day of military action are still being felt in global energy…
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Ukrainian Drones Hit Russia’s Omsk Refinery a Second Time After July Shutdown
MOSCOW, July 7 — When a Ukrainian drone struck the Omsk Refinery on August 26, 2024, the shockwaves…
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Ukraine Strikes Omsk Refinery, Russia’s Largest, 2,500 km From the Border
OMSK, July 7 — The Omsk Oil Refinery, Russia’s largest crude processing facility, has become a recurring target…
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Ukrainian Drone Strike Halts Omsk Refinery, Russia’s Largest, Industry Sources Say
OMSK, Siberia — The idea that Siberia’s vastness offered a natural shield from conflict is quietly slipping away.…
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Nations Race to Build Rare Earth Supply Outside China as Clean Energy Demand Grows
BEIJING, July 7 — Seventeen chemically similar metallic elements, known collectively as rare earth elements, are the subject…
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Ukrainian Drones Hit Omsk Refinery, Russia’s Largest, 2,500 Km From the Border
OMSK, July 7 — The Omsk Oil Refinery, Russia’s largest by crude oil processing capacity, remains a critical…
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Ukraine Strikes Omsk Refinery, Russia’s Largest, Nearly 2,500 Kilometers From Border
OMSK, July 7 — The Omsk Oil Refinery, Russia’s largest by processing capacity and owned by Gazprom Neft…
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Ukraine Says Drones Hit Omsk Refinery in Deepest Strike Into Russia Yet
OMSK — A drone strike on May 9, 2024, that ignited a processing unit at the Omsk Refinery…
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Hormuz Blockade Puts Spotlight on Five Other Chokepoints Threatening World Trade
TEHRAN, July 7 — About 21 million barrels of oil per day passed through the Strait of Hormuz…
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Ukrainian Drone Strike Halts Omsk Refinery, Russia’s Largest, Reports Say
SAN PIETROBURGO, July 7 — The shift is subtle but real. When a drone strike hits Russia’s largest…
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Strait of Hormuz Disruption Pushes Brent Above $90, UNCTAD Says
TEHRAN, July 7 — The Strait of Hormuz, a narrow waterway that has long been the flashpoint for…
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Ukrainian Drones Set Fire to Ilsky Oil Refinery in Russia’s Krasnodar Krai
MOSCOW, July 7 — The mechanics here are worth following closely. Russia’s oil and gas sector accounts for…
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Global Oil Prices Surge as Strait of Hormuz Shipping Halts
DUBAI, July 7 — Global oil markets are still feeling the shockwaves from an attack more than a…
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Brent Holds Above $100 as Iran and US Trade Attacks on Shipping
TEHRAN, July 7 — For the families whose livelihoods depend on the steady flow of oil through the…
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Oil Climbs Above $104 as Hormuz Tanker Attacks and Hurricane Isaias Threaten Supply
MUMBAI, July 7 — The threat of a disruption at the Strait of Hormuz is the kind of…
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Saudi Arabia Reroutes Oil Across the Desert to Yanbu After Hormuz Closure
TEHRAN, July 7 — A narrow ribbon of water between Iran and Oman is getting renewed attention from…
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