Ukraine spent a year beating wartime inflation. A different war just reversed it.
Fuel costs surged 23% in March as the Middle East war pushed prices past the central bank’s forecast—and a rate hike is now on the table.
Browsing Tag
oil prices
38 posts
Oil jumped 8% as Trump’s Hormuz blockade undid the ceasefire crash
Talks collapsed in Pakistan. A naval blockade replaced a truce. For Russia’s war revenues, the brief window of relief is over.
Oil posts biggest crash since 1991—but the Gulf ceasefire has two versions
Brent fell 15%. Missiles kept flying. Iran’s “open” Strait comes with a $2 million entry fee.
Trump’s Iran war lasted 39 days. The impact on Ukraine will last longer
Five weeks on, we are updating our analysis of the Iran war and its impact on Ukraine: what we got right, what we got wrong, and the moves that nobody saw coming.
Russia sells its oil while arming the enemy Washington is bombing
Russian oil is moving. Iranian is not. The difference goes straight to Ukraine’s front line.
Gold down 27%, Urals up 71%—Russia’s sanctions hedge melts as its oil budget fills
The war filling Moscow’s oil coffers is also eroding its sanctions hedge.
The US waiver was meant to stabilize markets. Russia’s oil income jumped $890 million in a week.
Bloomberg data shows the $28 penalty Western sanctions built into every Russian barrel has nearly vanished.
We scored every way the Iran war hits Ukraine. Two gains, eight losses.
We scored every military, economic, and geopolitical factor. The result isn't close.
Iran threatened to close Hormuz. That was enough.
When a strait closes on paper, prices move as if it has closed for real.
Ukraine prioritises military fuel supply amid oil crisis sparked by US-Israeli operation against Iran
Ukraine imported nearly 250,000 tonnes of fuel in March and has doubled its petrol reserves since 1 February — but the government's energy minister said that the army, not the market, will be first in line if supplies tighten further under the global oil crisis
Did the US just fund Russia’s war by bombing its drone supplier?
Urals crude hits budget target for first time in months as Gulf chaos drives global prices up.
Iran regime collapse would crash oil prices, weaken Russia’s war funding — analyst explains double blow to Moscow
Meanwhile, Russia's alliance network and war economy both shrinking.
“Political slap in face for Putin”: US operation in Venezuela threatens Russia’s oil revenues and its war funding, says expert
Venezuela falls, Russia loses, says a Ukrainian expert.
Did 2025 break Russia’s oil revenue model? (INFOGRAPHIC)
Kremlin budgeted for $70 oil. Ukrainian strikes and Western sanctions ensured it got $35.
Russia earns $1.5 billion weekly from record oil exports since 2023, while US Senate pauses sanctions bill
Vladimir Putin leveraged upcoming talks with Donald Trump to block US sanctions and secure weapon delivery pauses to Ukraine.
Russia’s own forecast shows oil output collapsing by 2030
Moscow’s economic projections reveal that the energy sector can’t recover without Western technology.
Kremlin’s oil revenues drop by nearly 33% — but Trump’s sanctions threaten even more pain
With oil and gas revenues down 27%, the Kremlin braces for fresh US measures targeting not only Moscow but also its energy partners.
Barrels of blood: Israeli strikes on Iran unleash surge of cash for Russia’s war machine
Every dollar from soaring oil prices arms Russian soldiers on Ukraine’s frontline.
ISW: Russia wants to modernize army for long war with Ukraine and possible NATO confrontation
Moscow’s 2027-2036 rearmament program focuses on upgrading air defense, AI integration, and space capabilities.
Middle East nuclear crisis may drown out Ukraine and enrich Russia
Oil prices spike, Western focus drifts — and the Kremlin cashes in.