The US administration expressed readiness to supply Iran with nuclear fuel provided Tehran halts domestic uranium enrichment. Concurrently, Austria denied entry to Iran’s atomic energy chief, while fuel price hikes sparked widespread protests across Syria.
Global market
US Energy Secretary Chris Wright announced Washington’s readiness to provide Iran with nuclear fuel if Tehran halts its domestic uranium enrichment program. Meanwhile, Austria denied entry to Iranian Vice President and Atomic Energy Organization head Mohammad Eslami, who was scheduled to address the IAEA General Conference in Vienna. In Syria, protests with tire burning blocked the M-5 highway across several provinces following government price increases for petrol and gas driven by local refinery repairs. In the Strait of Hormuz, an attack on an Iranian commercial vessel left 1 dead and 4 wounded, while Brent crude futures climbed to $106.8 per barrel and WTI reached $102.2 per barrel.
Russia & CIS
Aframax tanker freight rates for Russian crude from Black Sea ports surged to record highs of $23.2 to $25.7 per barrel, according to the Center for Price Indices. In fuel logistics, Leningrad Region Governor Alexander Drozdenko announced plans to restructure gasoline supply logistics by early October as repaired refineries resume operations. At the Zaporizhzhia Nuclear Power Plant, Director Yuri Chernichuk supported the continued presence of IAEA experts to provide objective nuclear safety reporting, despite extensive infrastructure destruction in Enerhodar.
Armenia
Economist Suren Parsyan warned that potential price increases for Russian natural gas pose serious risks for Armenia’s economy, explaining that end-user tariffs incorporate network maintenance costs and technical losses beyond border prices. Despite surging global freight rates and Middle Eastern market shocks, retail prices for petrol, diesel, and natural gas in Armenia remain stable. Domestic fuel supply security is preserved through long-term trade agreements under the EAEU, protecting consumers from price volatility recorded by international market price assessments.