President Trump indicated the US might reimpose sanctions on Russian oil as part of a G7 effort to pressure the Kremlin. This comes after a weekend truce eased global energy prices, previously impacted by the war with Iran. Leaders agreed to increase economic pressure on Moscow.
The UK has arrested and charged Ajay Pant, an Indian national and captain of the MV Smyrtos, for allegedly breaching sanctions by supplying Russian oil. The arrest occurred during a dramatic operation in the English Channel, coinciding with new UK sanctions targeting Russia's "shadow fleet" of oil tankers.
US President Trump stated the US will soon reimpose sanctions on Russian oil after crude flows resumed through the Strait of Hormuz following a deal with Iran. The G7 summit in France discussed increasing pressure on Moscow over the Ukraine invasion.
US President Donald Trump stated that the United States may soon cancel the easing of sanctions on Russian oil, citing the current flow of oil as the reason for the potential change.
A Russian oil tanker, the Smyrtos, was seized by Royal Marines off the Isle of Wight on Sunday after being monitored for days on suspicion of using a false flag. The seizure occurred amid political pressure following a resignation over defence spending.
Russia launched one of its largest aerial assaults with 70 missiles and 611 drones targeting Ukraine. Kyiv reported successful retaliatory strikes on a Yaroslavl oil facility and a Tula chemical plant deep inside Russia.
UK authorities arrested an Indian national on suspicion of sanctions violations after Royal Marines and the NCA seized a Russian oil tanker in the English Channel. The operation, the first of its kind by UK armed forces, targeted a vessel sanctioned over Russia's invasion of Ukraine.
An Indian national was arrested in the English Channel following the seizure of a Russian shadow fleet oil tanker by UK forces. The operation, involving Royal Marine Commandos and the NCA, targeted vessels violating sanctions over Russia's invasion of Ukraine.
EU imports of Russian LNG rose 17.9% between Jan-May 2026 compared to 2025, with 96.7% of Yamal LNG exports going to EU ports. This occurs despite EU bans on short-term contracts and upcoming long-term contract bans, highlighting a missed opportunity to fully pressure Russia's war economy.
British armed forces intercepted a sanctioned Russian oil tanker, the Smyrtos, in the English Channel on Sunday. The operation, the first UK-led action of its kind, aims to disrupt oil revenue funding Russia's war in Ukraine. The vessel is suspected of being part of a Russian "shadow fleet."
British armed forces intercepted a sanctioned Russian oil tanker, the Smyrtos, in the English Channel on Sunday. The operation, the first UK-led of its kind, aims to disrupt oil revenue funding Russia's war in Ukraine. The vessel is suspected of being part of a Russian "shadow fleet" and is being investigated.
British armed forces, including Royal Marines and NCA officials, intercepted the sanctioned Russian shadow fleet oil tanker Smyrtos in the English Channel on Sunday. This marks the first operation to disrupt oil revenue funding Russia's war in Ukraine. Ukrainian President Zelensky thanked Britain and called for further legislative steps.
British armed forces intercepted a Russian shadow fleet oil tanker in the Channel early Sunday in the first UK-led operation of its kind. The vessel, Smyrtos, will be monitored off the south coast of England.
A Japanese lawmaker, Shoji Nishida, stated that energy cooperation with Russia would benefit Japan, which is facing resource supply issues due to the Strait of Hormuz blockade. He believes joint development and resource sharing would be mutually beneficial, and suggested US pressure is preventing the lifting of price caps on Russian oil.
Ukraine plans to increase military wages by one-third to 30,000 hryvnias and offer fixed-term contracts to boost recruitment. President Zelenskyy also aims to recruit more foreign volunteers. Meanwhile, Russia's Putin claims Ukrainian drone strikes aim to sow confusion and damage the economy, though he admits some economic damage.
India's Foreign Minister S Jaishankar defended the nation's energy ties with Moscow, stating the US had previously asked India to buy Russian oil to stabilize global markets. He also criticized Europe's stance on India's imports and its arms sales to countries that have attacked India. Separately, a fire in Delhi killed three people.
Three Indian crew members were killed when the US Navy attacked merchant ships off the Oman coast; India lodges strong protest with the US.
Oil prices surged as Iran declared the Strait of Hormuz closed. Meanwhile, Malaysia's Akmal stated the country has secured fuel supply until end-July, rejecting shortage concerns and noting Petronas' role in assessing refinery readiness for diverse crude sources.
Russia launched a large-scale attack on Ukraine with two Iskander-M missiles and 221 drones, of which Ukraine's air defense shot down 195. In response, Ukrainian drones struck the Afipsky oil refinery in Russia's Krasnodar Territory, causing a major fire. Another drone hit a residential building in the same region, injuring two.
Ukraine launched long-range missile and drone attacks deep inside Russia, hitting a military factory in Cheboksary and oil refineries in Samara and Vladimir regions. President Zelenskyy declared a new 'Day of the Unmanned Systems Forces'. Meanwhile, Russia reported arrests in Moscow car bombings and continued attacks on Ukraine's Black Sea ports.
Ukraine launched FP-5 Flamingo cruise missiles at a drone and missile plant in Cheboksary, Russia, over 900km from the front line. Officials reported three injuries. Kyiv also claimed strikes on other Russian energy sites and a tanker.
EU naval vessels in Operation IRINI can now detain foreign tankers suspected of transporting Russian oil to curb funding for its military operation in Ukraine, announced EU foreign policy chief Kaja Kallas.
The European Commission has acknowledged the potential to increase the price cap on Russian oil, citing the conflict surrounding Iran. The current cap is $44.1 per barrel, calculated on a 6-month average minus 15%.
Bangladesh is interested in importing oil and other resources from Russia, according to political scientist Sayed Munir Hasru at the St. Petersburg International Economic Forum. He highlighted significant potential for cooperation in energy, agriculture, infrastructure, and transport.
