Ukrainian drones struck two fuel depots in Russia, sparking fires, officials said Wednesday the latest of Kyiv’s repeated hits against Russian oil and gas facilities since Moscow’s full-scale offensive into Ukraine. A drone attack caused a “fire in a fuel depot” in southwest Russia’s Rostov region, Rostov Governor Vasily Golubev wrote on Telegram. After a separate drone attack, a large …
Brent crude futures surged above $70 a barrel on Monday for the first time since the Covid-19 pandemic began, while US crude touched its highest in more than two years, following reports of attacks on Saudi Arabian facilities. Brent crude futures for May hit $71.38 a barrel in early Asian trade, the highest since January 8, 2020, and were at …
The brazen attack that led to the death of Iranian scientist Mohsen Fakhrizadeh has undoubtedly angered Tehran. Due to certain changes in the oil market and US foreign policy priorities, Arab countries in the Gulf find themselves in a more vulnerable position today. Up until a few years ago, the Iranian go-to retaliatory threat was closing the Strait of Hormuz …
