Russia has indefinitely closed the Azov-Don Canal after Ukrainian drone strikes on vessels, disrupting key grain export routes and triggering a spike in wheat prices.
The Saratov oil refinery has suspended operations after Ukrainian drone attacks damaged its primary processing unit, exacerbating fuel shortages in Russia.
The US may impose fees for Strait of Hormuz passage if the Iran deal fails, following a temporary ceasefire and lifted blockade, signaling potential shifts in global oil trade flows.
EU leaders agree to extend sanctions on Russia for one year, reflecting a unified stance and signaling potential impacts on energy, finance, and trade sectors.
Hungary’s Parliament approved a constitutional amendment limiting prime minister terms, barring Viktor Orban's return and marking a key political shift.
US cancels planned strikes on Iran amid diplomatic progress, prompting shifts in energy and defense markets as multinational deal nears finalization.
Russian drone strike on Odesa's residential areas caused civilian injuries and property damage, raising concerns for regional stability and market volatility.