Russia’s July oil and gas revenues could rise 60% year-on-year due to higher prices, despite EU sanctions, influencing UK markets and sterling volatility.
US military strikes against Iran continue for the tenth day, targeting missile sites and air defenses, impacting UK and EU energy security and market stability.
The EU slashes duty-free steel import quotas by 47%, imposing a 50% tariff on excess imports, with significant implications for UK steel markets, sterling, and London’s financial sector.
Russia limits gasoline sales in 53 regions due to drone attacks on oil refineries, impacting oil production and sparking market reactions in London and across Europe.
Bulgaria plans to veto the EU’s new Russia sanctions, citing risks to its energy sector and economy, raising concerns for UK and European markets and sterling stability.
UAE’s reported thaw on frozen Iranian oil revenues signals easing Middle East tensions, with potential effects on British and European markets, sterling, and London’s financial sector.
The UK issues an indefinite license allowing import of diesel and kerosene refined from Russian crude via third countries, aiming to ease fuel price pressures amid global energy disruptions.
The US has ended its temporary suspension of sanctions on Russian oil, affecting European energy markets and prompting market reactions in London and sterling fluctuations.
Trump reveals China's interest in US oil and soybean purchases, signaling potential shifts in global trade with impacts on London and European markets.
Iran’s resumed missile and drone attacks on the UAE raise energy security concerns for the UK and EU, prompting market caution in London and calls for renewed diplomacy.
Russian drone strikes on Odessa have damaged key infrastructure, threatening Black Sea trade routes crucial to UK and EU economic interests and impacting sterling markets.
Russian drone strikes on Odessa cause civilian injuries and damage, raising security concerns that impact UK and EU business interests and London market stability.