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Russia's sunflower oil exports to China are projected to double in the new marketing year, albeit at discounted prices, according to a leading Russian exporter. This shift is attributed to war-related damage to port infrastructure and disruptions in shipments to India, the country's top buyer.
US Defense Secretary extends Mideast deployments into 2027, with reports of heightened troop strain amid Iranian Army claims of latest attacks on US bases in Kuwait and the UAE.
LiveSquawk reports US strikes on Iran tankers under a new “tanker for tanker” policy, with Middle East hostilities lifting oil prices. Europe joined a global bond selloff as a result.
Russia is set to export a record 2.7 million barrels per day of oil from its western ports in June as refineries remain idle