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US Department of Energy raises outlook for average Brent crude price in 2026 to $78.84

According to the forecast, the average price of Brent crude oil in 2027 will be $64.47 per barrel

MOSCOW, March 10. /TASS/. The US Department of Energy has sharply raised its forecast for the average price of Brent crude oil in 2026 by 33.66%, to $78.84 per barrel from $57.69 per barrel, as follows from a report by the department's Energy Information Administration (EIA).

According to the forecast, the average price of Brent crude oil in 2027 will be $64.47 per barrel. The report notes that the price of Brent crude oil has risen sharply since the onset of the Middle East conflict, closing at $94 per barrel on March 9, 50% higher than at the start of the year and the highest since September 2023. The department added that the rise in oil prices was due to reduced oil supplies through the Strait of Hormuz and lower oil production in the Middle East.

The US Department of Energy notes that the main risk that could lead to a further rise in oil prices is the prolonged closure of the Strait of Hormuz, through which nearly 20% of global oil supplies pass.

The US Department of Energy notes that the full capacity of oil storage facilities could provide additional support for oil prices.

Iraq approves agreement with Chevron to operate West Qurna-2 oil field — government

According to the statement, the government has approved the final terms of the framework agreement

Iran launches missile strike at US helicopter base in Kuwait

Early this morning, IRGC Navy struck US Al-Udeiri Helicopter Base in Kuwait with kamikaze drones and cruise missiles

Holding Ukraine talks in EU troublesome because of pressure — Russian envoy

Rodion Miroshnik noted that talks about negotiations should be largely held behind closed doors so as to protect the negotiators from any external pressure

US won’t escalate war against Iran to escort tankers — Pentagon

Wahington has capabilities that no other nation on Earth has, Pete Hegseth said

Fire breaks out as Iran attacks US air base in Bahrain — media

No information is available about the damage or casualties

Anti-terrorism, combating new threats: FSB chief’s statements

Alexander Bortnikov noted that Ukrainian intelligence agencies, with guidance from the West, were waging terrorist and subversive warfare against Russia

Russian court fines Google over $140,000 for refusing to take down banned content

The company's representative did not appear at the court hearing

Israel attacked Saudi Aramco’s refinery in false flag operation — news agency

According to the agency's source, the port of Fujairah in the UAE is one of the next targets of Israelis

Gas price on exchange in Europe loses 13%

The price of April futures contracts at the TTF hub in the Netherlands has fallen to around $589 per 1,000 cubic meters

Four Iranian diplomats killed in Israeli strike on Beirut — Iranian envoy to UN

Amir-Saeid Iravani called the strike a deliberate terrorist attack

Tankers begin crossing Strait of Hormuz

No ships were tracked to be moving in the opposite direction

Press review: Iran won't compromise with US as Russia offers lifeline in Mideast crisis

Top stories from the Russian press on Tuesday, March 10th

Putin offered Russia’s mediation in Middle East conflict before escalation — Kremlin

Despite all of this, the Russian leader cannot be viewed yet as a mediator in the settlement of the ongoing developments in the Middle East, Dmitry Peskov stressed

Putin holds second telephone call with Iranian president in one week — Kremlin

Their previous telephone conversation took place on March 6, after Putin held a series of talks with leaders of the Persian Gulf countries

Trump choosing between Vance, Rubio as presidential candidate — newspaper

People close to JD Vance and Marco Rubio say that the two are friends

FSB chief says Ukraine, with help of West, is waging terror on Russian soil

According to Alexander Bortnikov, the enemy has moved to plan more complicated operations and increased the level of intelligence and technical support

White House to support assassination of Iran's leader if he refuses to compromise — media

In particular, Donald Trump would like Iran to abandon its nuclear program under the new leader

Hungary caps gasoline, diesel fuel prices — prime minister

Viktor Orban stated that this is how the government expects to protect the interests of the Hungarian people in a situation when "oil fuel prices are on the rise in entire Europe due to the war in Iran"

Israel, US launch airstrikes on central, northern Iran — news agency

No data about the damage has been available yet

Territorial issue not the only problem to solve in Ukrainian conflict — Kremlin spokesman

Dmitry Peskov said this issue still remains among the main ones

Iranian security agencies targeted in recent strike on northwest Iran — Mehr

According to the report, the office of the special police force and the investigative police department were attacked in the city of Tabriz

Middle East conflict deprives Ukraine of missiles for Western air defenses — media

According to the report, supplies of air-defense missiles that Ukraine desperately would like for itself were being quickly consumed in the Middle East

Zelensky says talks on Ukraine postponed amid situation around Iran

Vladimir Zelensky stressed that the priority and attention of Ukraine's partners is on the situation around Iran

Putin-Trump phone talk centered around Iran, Ukraine — Kremlin aide

Yury Ushakov emphasized that the US President has again expressed his interest in having the conflict in Ukraine resolved by reaching a ceasefire and a long-term settlement as quickly as possible

Aggressors seeking to ‘drive wedge’ between Iran, Arab countries — Russian diplomat

The Russian side expressed regret that civilians and civilian infrastructure in many countries of the region are suffering from the hostilities

US may take some oil sanctions off — Trump

Donald Trump emphasized that the US may even refrain from reinstating them

US aircraft carrier USS Abraham Lincoln moved away from Iran after strike — IRGC

The US Central Command reported that the carrier came under fire but was not hit

Number of foreign mercenaries in ranks of Ukrainian troops dwindling — Russian MP

"They are fed up with the Ukrainian armed forces," Alexander Boroday said

Presidential envoy notes importance of Russia-US dialogue for energy security

Kirill Dmitriev noted that Russia-US dialogue is vital for the world, as only jointly with Russia can global energy security be restored and ensured

Turkish foreign ministry summons Iranian ambassador amid missile attack

The Iranian ambassador was summoned to give explanation over the incident in which a ballistic missile was launched toward Turkey from the Iranian territory

Russian president signs law banning GMO production

The document obliges importers of GMO products to a compulsory public registration

Attacks on fuel storage facilities in Iran amount to chemical warfare — diplomat

The U.S.-Israeli criminal war against the Iranian nation has entered a dangerous new phase with deliberate strikes on Iran's energy infrastructure, told Iranian foreign ministry spokesman Esmail Baghaei

Russian army liberates settlement of Golubovka in DPR

Units of Battlegroup South have liberated the settlement of Golubovka

Prototype drone similar to Starlink planned for testing in spring of 2026 — CUST

The drone will be able to stay aloft for up to 40 days

Orban urges von der Leyen to suspend EU sanctions against Russian energy

The threat of rising energy prices in Europe has arisen not only because of military actions in the Middle East, but also as a result of Ukraine's suspension of the transit of Russian oil through the Druzhba pipeline, Orban noted

Turkey's economy stands to lose tens of billions if Iran war lasts 90 days — newspaper

According to the report, the most serious disruptions were recorded in export operations with Iran

US senator urges Israel not to damage Iran’s oil production industry

US Republican Senator Lindsey Graham noted that the goal of the operation is to liberate the Iranian people in a fashion that does not cripple their chance to start a new and better life when this regime collapses

Iran’s IRGC announces launching 10 heavy missiles on Tel-Aviv

Earlier, the commander of the IRGC Aerospace Force Majid Mousavi announced that the Islamic Republic will only use missiles with warheads weighing more than a ton at the next stages of the conflict

US 'confession' on HIMARS, calls for settlement: latest on war in Middle East

Iranian Foreign Minister Abbas Araghchi noted that "nobody should complain" if Iran’s missiles destroy the launchers

Claims of Russian, Chinese nuclear trials not supported by facts — mission in Vienna

The most dangerous thing about this entire situation is that the approach, demonstrated by the United States, creates systemic risks for the entire non-proliferation architecture, the Russian Permanent Mission to International Organizations in Vienna said

Russia's position on Ukraine remains unchanged while other parties watch and wait — MFA

According to Rodion Miroshnik, all sides are watching closely what is happening in the Middle East

Putin expresses confidence Mojtaba Khamenei will continue his father’s legacy

Russian President has congratulated him on being elected to the post of Iran's supreme leader

Putin, Trump do not discuss removal of US sanctions on Russian oil in detail — Kremlin

Dmitry Peskov added that the oil restrictions, are connected with attempts to stabilize the situation on global energy markets amid the situation in the Persian Gulf

Iran does not consider holding talks with US anymore, top diplomat says

Abbas Araghchi stressed that Iran has "a very bitter experience of talking with Americans"

Israel completes another wave of strikes on Iran, over 170 bombs dropped

In Tehran, the IDF struck a command center belonging to the IRGC’s Quds Force

Russian envoy describes Putin-Trump phone call as constructive

Possible solutions to Ukraine and Iran conflict were discussed, Kirill Dmitriev said

Iran’s elite army unit to block regional oil exports to US, spokesman warns

Ali Mohammad Naini also added that the Islamic Republic’s Army "is ready to expand the war"

Roscosmos chief confirms ISS deorbiting schedule, plans for 2030 ocean plunge

"In 2028, we will begin the gradual deorbiting of the station," Dmitry Bakanov said

Russian developers upgrade anti-UAV camouflage umbrella

The developers have changed the design material to be radiotransparent, allowing soldiers under cover to simultaneously use a radio or electronic warfare system

US, Israel guilty of environmental crime against Iran — cabinet

According to Fatemeh Mohajerani, the US and Israel attacks contributed to the deterioration of air quality in Tehran, among other effects

Ukrainian army attacks Russia’s Belgorod Region with over 150 UAVs in past day

The Shebekinsky district came under an attack by 28 Ukrainian UAVs, in which a man was wounded

Putin says Russia’s support and solidarity with Iran remains unchanged

Russian President expressed confidence in his congratulatory message to Iran's new Supreme Leader Mojtaba Khamenei that he will honorably continue his father’s legacy

Russian embassy condemns attack on House of Russian Culture in Nabatieh

This act of military aggression against an institution operating solely in the cultural and humanitarian sphere cannot be justified, the diplomatic mission said

Israeli army announces strikes on rocket engine production site in Iran

The Israeli army also continues strikes on infrastructure targets in Iran

Israel hits Russian cultural center in Lebanon — official

The Russian Federal Agency for International Humanitarian Cooperation will issue an official statement on the incident later, Head of Russia's Federal Agency for International Humanitarian Cooperation Yevgeny Primakov added

Hungary interested in supporting Ukraine as buffer zone between itself, Russia — PM

According to Viktor Orban, Hungary will be able to guarantee its security if it doesn’t border Russia

Russia to take diplomatic, military steps in response to US experiments in Georgia

The chairman of Russia’s State Duma Defense Committee said that the concerned agencies were recommended to appeal to the UN and the OPCW, asking for an inspection of the Lugar laboratory

Russia retains leadership in arms supply to India in 2021-2025 — report

At the same time, the report notes, India is increasingly turning to Western suppliers

FACTBOX: Putin, Trump discuss Iran, Ukraine, Venezuela in their first phone call this year

The conversation was the first between Vladimir Putin and Donald Trump in more than two months

FACTBOX: What is known about Russian-crewed Caffa cargo ship detained in Sweden

Swedish authorities said the arrested captain of the ship is a Russian citizen

China to carry out resolute strikes against separatists in Taiwan — report

According to the report, the People's Republic of China will promote peaceful development across the Taiwan Strait

Kiev keeps trying to undermine Russia’s defense capabilities — FSB chief

According to Alexander Bortnikov, relevant government agencies have been tasked with stepping up counterterrorism measures

Restoring LNG production in Middle East to take months — Putin

It is impossible to promptly compensate the missing volumes, Russian President told

Lebanon ready to resume talks with Israel to stop escalation — president

He also condemned "those who seek to drag Lebanon into a regional conflict, ignoring the will of the majority of its citizens tired of the war and its consequences."

Missile debris from strike on girls’ school in Iran bears US markings — NYT

The remnants appear to be from a US-made Tomahawk cruise missile manufactured in 2014 or later, the newspaper reported

Iran sends its official response to Trump’s letter via Oman

According to Iranian Foreign Minister Abbas Araghchi, the message comprises two documents

Putin-Trump conversation may help to stop bloodshed in Iran — Palestinian envoy

Abdel Hafiz Nofal said that Americans should end their aggression against Iran

Russia to wait for Europe’s signal regarding oil, gas deliveries — Putin

Vladimir Putin stressed that Russia has never refused to work with Europeans and is ready to work with them

Kremlin mum on Russia’s alleged aid to Iran

Dmitry Peskov did not specify whether the issue was discussed during yesterday's conversation between Russian President Vladimir Putin and US leader Donald Trump

Russian expert sees Ukraine losing priority as US shifts focus to Middle East

According to Alexander Stepanov, Washington is doing "what is necessary" to plug the holes in the security system, even though the move is likely to harm Kiev

Israel, US damage palace in Iran's Isfahan listed as UNESCO World Heritage site — MFA

Spokesman Esmaeil Baghaei noted that "this Safavid masterpiece is not only part of Iran’s cultural and civilizational heritage but also a cultural treasure belonging to all humanity"

Press review: NATO unlikely to join Iran strikes as EU moves to sever Russia ties

Top stories from the Russian press on Friday, March 6th

Attacks on energy facilities in Persian Gulf will hit global economy — Qatari MFA

Majed bin Mohammed al-Ansari called on the international community to do everything possible to persuade the United States, Israel and Iran to stop attacks on energy infrastructure

West mulls buying Russian oil amid conflict in Iran — expert

The market is currently grappling with physical supply being choked off by drone strikes, while Middle Eastern producers are simultaneously hitting a critical point, a Vice President of Oil Markets at the Rystad Energy consulting company Janiv Shah said

Putin held phone call with Trump this evening — Kremlin aide

It was the first conversation between the Russian and US presidents in more than two months

Ukrainian strikes kill 30, injure over 150 in Russia in one week — MFA

Rodion Miroshnik specified that most civilians had been injured by enemy strikes in the Belgorod, Kherson, and Zaporozhye regions, as well as in the DPR

Russian troops strike Ukrainian army’s energy, transport infrastructure over past day

According to the latest figures, the Ukrainian army lost roughly 1,265 troops in battles with Russian forces in all the frontline areas over the past 24 hours

Hot phase of Middle East conflict may last 10-15 days more — Russian expert

According to Murad Sadygzade, the most alarming conclusion of recent days is that the current conflict is acting as an accelerator for a broader global crisis

FSB chief touts great progress in neutralizing terrorist threat in Russia

Alexander Bortnikov stressed that over the past 20 years, targeted combat operations significantly reduced the number of terrorist crimes in a relatively short period

School in Iran's Khomein comes under attack — security service

No information about possible casualties from the attack has been released yet

'Most intense' strikes on Iran and keeping operation’s pace: what Hegseth said

According to Pete Hegseth, the United States was not planning to expand its military activities in Iran in case a need arises to convoy tankers and other vessels via the Strait of Hormuz

Iraq, Kuwait, UAE, Saudi Arabia have cut oil production amid crisis — Bloomberg

According to sources, the countries slashed their combined output by a third, resulting in a 6% drop in global oil supplies

Trump warns Iran of harder US strikes if it stops Hormuz oil flows

"If Iran does anything that stops the flow of oil within the Strait of Hormuz, they will be hit by the United States of America twenty times harder than they have been hit thus far," the US leader said

Top Iranian diplomat thanks US Central Command for admitting HIMARS use

Nobody should complain if Iran's powerful missiles destroy these systems wherever they are in retribution, Abbas Araghchi added

Von der Leyen may face new vote of no confidence due to EP crisis — MEP

Previously, EU diplomats and officials criticized von der Leyen for exceeding her official powers and attempting to position herself as the EU's chief representative on the international stag

Almost 30 Iranian hospitals damaged by bombing — emergencies service

According to the latest report of the Iranian Red Crescent, at least 1,332 Iranian civilans have lost their lives

Russia, China now main beneficiaries of US-Iran conflict — newspaper

The Washington Post believes that military operations, given the US national debt, which is approaching $39 trillion, could make it difficult for the United States to "compete with much more significant adversaries, notably Iran’s allies Russia and China"

Russian troops 'turn war on its head' by pioneering drone warfare era - expert

According to Dmitry Kuzyakin, the war that everyone had known since the advent of artillery and aircraft was changed forever

Witkoff says he asked Russia not to share intelligence with Iran

US President Donald Trump, in turn, said that the United States does not know whether the Russian side is sharing such data with Iran

IN BRIEF: Ongoing Budapest-Kiev conflict and further developments around Druzhba pipeline

The Hungarian parliament adopted a resolution opposing Ukraine's admission to the European Union and the provision of financial assistance to that country

Ukrainian armed forces missile strike on Bryansk leaves casualties, wounded

Priority measures are being taken to contain and eliminate the consequences of the attack

Pentagon chief says world does not appreciate US efforts to reduce civilian casualties

Pete Hegseth also accused Iran of placing missile weapons in residential areas and striking civilians in other countries

Middle East conflict puts end to US plans to force India to cut purchases of Russian oil

Washington admitted that it would not be able to deprive Russia of one of its most loyal customers

Hungary imposing ban on export of oil, petroleum products

Hungarian Economy Minister Marton Nagy said that the government took this decision to protect the interests of Hungarian citizens

Donetsk People’s Republic gradually recovering after years of severe damage — Putin

The Russian leader highlighted that the pace of recovery had been fairly rapid

Strait of Hormuz closure would lead to a global economic disaster — Saudi Aramco CEO

"There would be catastrophic consequences for the world's oil markets the longer the disruption goes on, and the more drastic the consequences for the global economy," Amin Nasser said

Russia may decide not to wait for Europe to completely reject its oil, gas — Putin

The government has already set the task of evaluating the possibility and feasibility of stopping fuel supplies to the European market, Russian President told

US Navy escorts tanker through Strait of Hormuz — Secretary of Energy

Chris Wright said it will ensure that oil remains flowing to global markets

White House underestimates Tehran's resolve to resist — media

The article notes that the Washington administration appears to have failed to accurately assess how Iran would respond

Iran announces new wave of missile strikes on Israel — state broadcaster

"A few minutes ago, a new salvo of Iranian missiles was fired towards the occupied territories," the report says

Middle East conflict leads to largest oil supply disruption in history — CNBC

The analysts believe that as a result there is "a market with no meaningful cushion"