Russian petroleum product output fell nearly 22% in June due to conflict-related damage, raising concerns over UK and EU energy supply and London market stability.
Russia adjusts its fuel dampener law to stabilize prices, affecting imports and exports with potential repercussions for UK and EU energy markets and sterling.
US strikes on Iranian targets near the Strait of Hormuz raise concerns over disruptions to vital UK and European energy routes and market stability.
Fuel prices in annexed Crimea have nearly doubled amid Russian export restrictions, raising concerns for UK and EU energy markets and sterling stability.
The US has extended a temporary license allowing Serbia's NIS to operate despite sanctions linked to Gazprom's stake, affecting UK and European energy markets.
Iran mandates detailed vessel declarations for Strait of Hormuz transit, challenging UK and EU shipping with potential fees and heightened geopolitical tensions.
Lufthansa will cancel 20,000 flights to save fuel amid the Middle East energy crisis, impacting UK and EU aviation markets and London’s financial sectors.
Rising aviation fuel costs driven by Middle East conflict are causing European airlines, including UK carriers, to cut flights, impacting schedules and market stability.