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2026 Russian fuel crunch widens, US‑Iran talks revive

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2026-07-27 05:38 UTC → 2026-07-28 09:09 UTC · added removed

2026 Russian fuel crisis deepens, volunteers man pumps crunch widens, US‑Iran talks revive

Ukrainian attacks have knocked out about one‑third of Russia’s refining capacity, cutting crude processing to roughly 3.9 million bpd – the lowest in more than two decades and about 60 % below a year earlier. Domestic gasoline now covers only about 65 % of seasonal demand, prompting nationwide rationing, odd‑even licence‑plate restrictions and long queues. Regional authorities continue to enlist volunteers, including teachers on summer break, to staff stations, monitor lines and trial electronic queuing. The government has prolonged export bans on diesel, gasoline and jet fuel through the end of July and is seeking emergency imports of AI‑92 gasoline from Kazakhstan, India and elsewhere. Diesel futures have risen roughly 11 % in a week and retail diesel prices have climbed in several European markets. Deputy Prime Minister Alexander Novak holds daily meetings to stabilise supplies. Parallel US‑Iran hostilities have entered a lull. After two consecutive nights without attacks, To fund the United States paused its airstrikes on Iran on 27 July, while Iran announced a reciprocal halt to bombings war‑induced budget gap of U.S.-aligned targets and temporarily stopped attempts to cross about 6 trillion roubles, the Strait state‑run fund Gokhran will conduct an open auction of Hormuz, during which six ships were detained. President Donald Trump said the U.S. remains ready to resume operations and retains “all options natural diamonds of 10.8 carats or more on the table.” Around 9 September, the same time, Iranian columnists argued that first such sale since a gold‑reserve liquidation. Analysts warn the conflict is rooted already severe fuel shortage – evident in ideological empty stations and strategic differences long lines in southern regions and occupied Crimea – could spread to transport, agriculture and industry if unresolved. After a three‑day pause in U.S. strikes, President Donald Trump announced that cannot be resolved through “friendly” nuclear negotiations alone, asserting with Iran have resumed, describing them as in a serious phase. Talks are being led by Iran and Oman with participation from Qatar, Pakistan, Egypt and U.S. envoys Steve Witkoff and Jared Kushner. Trump warned that any cease‑fire must serve Iran’s national interests. failure of diplomacy could prompt a rapid return to strong military action. The pause has sparked earlier cease‑fire lull had seen limited diplomatic contacts, including reported talks between Iran and Oman, contacts but no substantive concessions have emerged. Analysts note that Brent crude fell over 5 % amid the cease‑fire, while oil prices overall remain volatile. concessions.

Versions

  1. 2026-07-28 09:09 UTC 2026 Russian fuel crunch widens, US‑Iran talks revive
  2. 2026-07-27 05:38 UTC 2026 Russian fuel crisis deepens, volunteers man pumps

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