Oil & Geopolitics
The EU has expanded sanctions on Russia, adding 41 more vessels to its shadow fleet blacklist and tightening restrictions on energy, finance and crypto services.
July 24, 2026
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The EU has expanded sanctions on Russia, adding 41 more vessels to its shadow fleet blacklist and tightening restrictions on energy, finance and crypto services.
The deal will add around 580 fuel stations to ADNOC Distribution’s network and expand its presence in Africa.
50:50 partnership will trade oil, LNG, gas and biofuels worldwide.
The document outlines operational and security recommendations for ships navigating the Strait of Hormuz during periods of heightened regional tensions.
Drawdowns accelerate in April as Washington continues coordinated stock release with global partners to stabilise oil markets.
UK Maritime Trade Operations reports an attack on a tanker near the UAE coast, with no injuries or pollution.
Deal strengthens Humber operations and adds storage and infrastructure capacity to support fuel supply resilience.
The move underscores a strategic shift in Abu Dhabi’s energy policy and could test OPEC’s internal unity.
US President Donald Trump says Iran has declared the Strait of Hormuz “Fully Open and Ready for Full Passage.”
Sultan Al Jaber warns that restricted passage through the Strait of Hormuz risks deepening supply disruptions, with Iran’s actions placing global energy flows under pressure.