Iran is reviewing the latest U.S. ceasefire proposal, raising hopes of a truce extension and tempering oil prices as traders weigh the risk of renewed Middle East disruptions.
Ukraine’s Refinery War Gives Russian Crude an Export Passport – Ukraine is inadvertently pushing increasing amounts of Russian crude into the export markets as Kyiv’s intensified drone strikes on Russia’s downstream assets free up more oil. – Russia’s seaborne exports in 2026 to date have averaged 3.46 million b/d, the highest pace of loadings since…