$100 Oil Is Solving Russia's Budget Problem

NATO Warns Russia's Hybrid War Is Targeting Europe's Energy Grid Authored by Simon Watkins via OilPrice.com, European officials fear Russia’s “grey war” is entering a more dangerous phase, with gas pipelines, electricity interconnectors, offshore networks, and subsea infrastructure increasingly vulnerable to sabotage and cyberattacks. Security sources say Moscow is escalating pressure because the Ukraine war is becoming harder to sustain militarily and economically. Recent incidents involving Russian-linked vessels and surveillance operations in the Baltic and North Seas have heightened concerns that Europe’s energy grid is becoming a frontline target in the broader confrontation...

South Korean officials said Seoul is discussing what role the country could play in efforts to secure navigation through the Strait of Hormuz. So far, South Korea has refused to participate in the US war against Iran, drawing President Donald Trump’s ire.  First Vice Foreign Minister Park Yoon-joo told the National Assembly, “The government is […]

'Delusional': Iran Fires Back At Trump's Make 'Hormuz Strait A Territory Of The US' Ambitions Predictably, Iran has on Saturday issued a full-throated rejection of President Trump's Friday evening words related to the status on the conflict and energy transit in the region. In a speech on New York's Long Island, Trump introduced the idea of declaring the Strait of Hormuz a US territory. "After we finish defeating Iran, which is being very badly defeated — pretty soon, I'll be declaring the Hormuz Strait a territory of the United States," Trump...