WS #11367
Multiple sources confirm Ukrainian drone strikes on St. Petersburg oil terminal and Kronstadt, escalating the energy war and threatening Russian oil supply. Iran asserts control over Strait of Hormuz, US strikes Iranian sites, and White House requests $87.6B mostly for Iran war, escalating geopolitical risk. OPEC production surged 2.34 million bpd in June as Gulf states restored exports through the Strait of Hormuz, bearish for oil prices. White House asks Congress for $87.6B additional funding, mostly for Iran war, may weigh on fiscal sentiment. Putin signs law amending tax code to support domestic fuel market, countering some supply disruption fears from drone strikes.
Ukraine Drone Strikes on Russian Oil Infrastructure
Multiple sources confirm Ukrainian drone strikes on St. Petersburg oil terminal and Kronstadt, escalating the energy war and threatening Russian oil supply.
Iran asserts control over Strait of Hormuz, US strikes Iranian sites, and White House requests $87.6B mostly for Iran war, escalating geopolitical risk.
OPEC production surged 2.34 million bpd in June as Gulf states restored exports through the Strait of Hormuz, bearish for oil prices.
White House asks Congress for $87.6B additional funding, mostly for Iran war, may weigh on fiscal sentiment.
Putin signs law amending tax code to support domestic fuel market, countering some supply disruption fears from drone strikes.