Russia's seaborne crude exports near record as Ukraine drone strikes hit refineries deep inside Russia, Bloomberg reports.

UK allocates £210M for enriched uranium supply to Ukraine's nuclear energy sector, Zelenskyy says

Ukrainian Volodymyr Zelenskyy expressed gratitude to the UK and Keir Starmer for a decision to allocate £210 million via UK Export Finance for the supply of enriched uranium to support Ukraine's nuclear energy sector.

HSBC: Strait of Hormuz oil flows unlikely to normalize before late July, prewar levels not expected until end-September due to mine clearance, insurance, and storage drawdowns.

Oil traffic through the Strait of Hormuz is unlikely to normalize before late July and may only return to prewar levels by end-September, HSBC says. Delays stem from mine clearance, insurance, storage drawdowns, and restarting.

US uses Iranian smuggling tactic to move oil out of the Gulf, Reuters exclusive reports.

The United States is using an Iranian smuggling tactic to sneak oil out of the Gulf, according to an exclusive report by Reuters.

Qatar to restore half of LNG output within a month after Hormuz route opens, 80% within two months

Qatar will restore half of its LNG output one month after the Hormuz route opens, and 80% of production within two months.