On Friday the French government confirmed the fuel measures that got its truckers to call off a protest. On Saturday, an estimated 550,000 to 800,000 people marched over the cost of living, and five unions have called a national strike for November 5th.
President Trump waived the Russia provisions of the new Graham sanctions law two days before they were due to take effect. The waiver has no end date, and Secretary of State Marco Rubio has described a 60-day review.
Saudi Arabia is discussing making its workaround for the disrupted Strait of Hormuz a standing part of its 2027 oil contracts. A major exporter planning that far ahead is betting the disruption lasts.
Norway and the United States supplied more than half of Europe's gas in 2025, Russia is being phased out, and the Iran conflict has cut off much of the Gulf LNG that made up almost a fifth of world supply.
Iran is now enforcing a blacklist inside the Strait of Hormuz with gunfire, collecting the toll in crypto, and running the whole apparatus through an organization it is a federal crime to pay.
Brent crude and West Texas Intermediate, the world's two benchmark oil prices, climbed back above $100 a barrel this week, the fourth time this crisis. The trigger was a few pieces of coastline most people have never heard of.
A timer, a length of copper wire, and a homemade rocket. That's what it takes to black out a substation, and German police just found the third such device in a week.
The Telegraph's report that Iran-linked hackers took a small UK power generator offline for four days in July has since been independently reported by the BBC, The Guardian, and The Independent. UK authorities still haven't confirmed it. Five US agencies just confirmed the broader threat is real.
Romania sits on the western edge of the Black Sea, the body of water separating it from Russia and Ukraine to the east. On August 20, two Romanian fighter jets destroyed an explosive-carrying drone about 80 nautical miles off Constanța, Romania's main Black Sea port, near an offshore gas platform called Neptun Deep. It was the fourth drone incident near Romania in three weeks, and the second at this exact platform.
If your 2027 planning assumes a Middle East ceasefire puts energy and freight costs back where they were, the last two weeks argue otherwise. Iran is turning the disruption into a revenue line, and the routes around it are being closed.
On the night of July 24, US Central Command announced no new strikes on Iran. That was the first pause after roughly thirteen consecutive nights of bombing since the ceasefire collapsed. President Trump said he doesn't think Iran is ready to make a deal, but that he's willing to listen, and both governments confirmed indirect talks are continuing. One day earlier, Iran had rejected a broader ceasefire proposal, brokered by Qatar, Egypt, Pakistan, and Turkey and delivered through Iraqi Prime Minister Ali al-Zaidi, that would have reopened both Hormuz shipping lanes for ten days while Washington and Tehran negotiated a longer-term arrangement. That is not the sequence of a side about to sign.