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Energy

Oil, gas, refineries, and shipping lanes: energy as a weapon of war.
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TESTIMONY: When the USA-Iran Deal Crashes Oil Prices — and Bleeds Russia's War Finances
Profile· No. 1551

TESTIMONY: When the USA-Iran Deal Crashes Oil Prices — and Bleeds Russia's War Finances

In March 2026, global oil prices experienced their largest disruption in years. Iran had effectively blocked the Strait of Hormuz in retaliation for US-Israeli…

NARRATIVE: Putin Says No — Why the Kremlin Master Refuses to Limit His Long-Range Missiles
Reportage· No. 1550

NARRATIVE: Putin Says No — Why the Kremlin Master Refuses to Limit His Long-Range Missiles

In early June 2026, Volodymyr Zelensky did something unusual in the vocabulary of contemporary warfare: he wrote an open letter to his enemy. To…

OPINION: Ukraine Strikes Russian Refineries — 25% of Capacity Goes Up in Smoke
Note· No. 1547

OPINION: Ukraine Strikes Russian Refineries — 25% of Capacity Goes Up in Smoke

There is something deeply symbolic in this act of war: Ukraine, fighting for its survival for more than four years with often inadequate means,…

COLUMN: A French NATO Jet Shoots Down a Ukrainian Drone Over Latvia — Russia Turns Our Allies into Targets
Column· No. 1535

COLUMN: A French NATO Jet Shoots Down a Ukrainian Drone Over Latvia — Russia Turns Our Allies into Targets

On June 8, 2026, a French NATO fighter jet deployed as part of the alliance's Baltic air policing mission in Latvia shot down a…

COMMENTARY: Gazprom Germania, the time bomb Moscow had buried beneath German soil
Commentary· No. 1531

COMMENTARY: Gazprom Germania, the time bomb Moscow had buried beneath German soil

On June 24, 2026, investigators from the German Federal Prosecution Office descended simultaneously on Berlin and Frankfurt. Not for a routine corruption case or…

ESSAY: When Putin Talks Pause, Ukraine Strikes — Diplomacy in the Age of Drones
Essay· No. 1508

ESSAY: When Putin Talks Pause, Ukraine Strikes — Diplomacy in the Age of Drones

On June 29, 2026, Vladimir Putin declared that Ukraine had proposed a pause in mutual deep strikes. The statement had barely landed when Volodymyr…

COLUMN: Russia Burns Its Own Refineries — The Fuel Crisis Hitting Moscow
Column· No. 1507

COLUMN: Russia Burns Its Own Refineries — The Fuel Crisis Hitting Moscow

There is a cruel irony in Russia's current situation: the country that bills itself as a great oil power is running short of fuel…

EDITORIAL: Ukrainian energy held up by London and Brussels — a political and technical act
Editorial· No. 1502

EDITORIAL: Ukrainian energy held up by London and Brussels — a political and technical act

On June 16, 2026, two significant energy support announcements reached Ukraine from two different directions. From Brussels, the European Commission announced a €75 million…

INVESTIGATION: The US Waiver on Russian Oil Expires in Silence — What This Really Changes
Investigation· No. 1478

INVESTIGATION: The US Waiver on Russian Oil Expires in Silence — What This Really Changes

On June 17, 2026, at midnight, a waiver expired. The US Treasury did not publish a renewal of its waiver on sanctions related to…

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