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Ukraine's Security Service (SBU) said it attacked the Tamanneftegaz terminal in Krasnodar, causing fires at five fuel tanks and two oil pumping stations. Russian officials confirmed one fatality. The SBU vowed to continue targeting Russia's oil and gas industry.
Japan plans to keep crude oil imports in July at last year's levels, sources said Thursday, by boosting purchases from non-Middle East suppliers like the US as the Strait of Hormuz faces near-blockade due to geopolitical tensions.
Ukraine launched coordinated drone strikes targeting Russian energy infrastructure, while Russia retaliated with 90 drones and two ballistic missiles, leaving thousands of Ukrainian residents without power. The most significant strike occurred in Taganrog, where an oil tanker and fuel tanks caught fire.
An Al Jazeera reporter traveled from Dushanbe to the Rogun Dam construction site, a $5 billion hydroelectric project Tajikistan calls its 'project of the century.' The dam, among the world's tallest at 335 meters, aims to end chronic energy shortages and potentially allow electricity exports.
The presidents of Iran and Turkey have affirmed their commitment to boosting economic cooperation and raising bilateral trade volume amid regional volatility. They discussed concrete measures to enhance goods exchange, investment, and cooperation in energy and transport. The aim is to reach an annual trade target of $30 billion in the medium term.
Albert Manifold was immediately removed as BP's chairman after 8 months due to serious concerns over governance, oversight, and behavior. The company's shares fell more than 4% in both US and UK markets.
Iranian Energy Minister Abbas Aliabadi confirmed he delivered President Masoud Pezeshkian's message to Tajik leaders, focusing on expanding cooperation in energy, trade and investment. The move signals Tehran's commitment to strengthening ties with Central Asia as both nations seek to overcome years of strained relations.
U.S. Secretary of State Marco Rubio announced on May 19 that the Quad group—comprising the U.S., Japan, Australia, and India—has agreed to launch initiatives to ensure stable supplies of energy and critical materials. The initiatives focus on sustainable supply chains, critical mineral cooperation, and alternative energy development amid rising geopolitical competition in the Indo-Pacific.
Japan will spend 500 billion yen to subsidize household electricity, water, and gas bills from July to September 2026. The move aims to ease living costs amid high energy prices. It is the first large-scale subsidy targeted specifically at the summer quarter.
