Current news in the fuel and energy sector as of July 30, 2026, centers around a key moment — the intensification of military confrontation in the Middle East. The Strait of Hormuz, through which about one-fifth of global oil supplies and a significant share of LNG pass, remains effectively closed to free shipping, while attacks on tankers and infrastructure keep geopolitical premiums in quotes. Brent oil, after a sharp sell-off at the beginning of the week, has returned to the $86–87 per barrel mark, European gas at the TTF hub is trading at highs not seen since March, and the filling of underground storage in the EU remains at a minimum for this date since 2021. The domestic fuel market in Russia continues to stabilize: the ban on gasoline exports has been extended until the end of the year. Below is an overview of key events in the oil, gas, and energy sectors for investors and market participants.