Day: August 5, 2026

Global Energy Market In Flux with Russia, Strait of Hormuz, Bab el-Mandab Strait and drought in the EU all in play

Energy News Beat The global energy landscape remains highly volatile in early August 2026, shaped by overlapping geopolitical, security, and climate pressures. Disruptions centered on Russia’s refined product exports, ongoing uncertainty over the Strait of Hormuz, escalating risks in the Bab el-Mandab Strait, and a severe drought across Europe are tightening supplies of crude oil, […]