The United States and Israel have prepared a week-long military campaign targeting Iranian energy infrastructure, as global fuel shortages intensify due to Middle East refinery damage. Meanwhile, US natural gas production reached new record highs, while Armenia maintained stable domestic fuel pricing under Eurasian agreements.
Global market
The United States and Israel have drafted a week-long military operation targeting Iranian nuclear and energy facilities, according to Axios reporting. International Energy Agency Secretary-General Fatih Birol warned that global oil and gas prices will remain elevated into 2027 as Middle East refinery damage exacerbates fuel shortages. Meanwhile, US natural gas production is on track for a second consecutive record year, propelled by data center power demand and spot LNG export growth. In product flows, the tanker Agioi Fanendes carrying 40,000 metric tons of Russian diesel changed its destination from New York to “for orders” off Skagen, Denmark, amid US congressional scrutiny.
Russia & CIS
Russian aromatic hydrocarbon supply shortages are projected to ease in November as domestic refineries finish scheduled maintenance and fuel demand declines, avoiding an export ban on critical feedstocks. On infrastructure security, Russia’s Investigative Committee detained several teenagers following arson attacks on petrol stations directed by Ukrainian intelligence through social messaging platforms. Additionally, Russian armed forces conducted drone strikes on power plants in Lutsk and Kovel. In regional trade, trade turnover between the Eurasian Economic Union (EAEU) and African nations more than doubled over the past decade, prompting a new cooperation memorandum.
Armenia
Reported US-Israel plans for strikes on Iranian energy infrastructure present significant security risks for Armenia’s southern transit routes and energy corridors. Concurrently, Russian Foreign Ministry Spokesperson Maria Zakharova described Yerevan’s reaction to reports on the EAEU treaty as misleading, highlighting diplomatic friction surrounding regional trade integration. Despite Middle East military risks and regional supply disruptions, retail prices for petrol, diesel, and compressed natural gas in Armenia remain stable. Direct gas imports from Russia and generation at the Armenian Nuclear Power Plant operate at full capacity under long-term EAEU contracts, shielding domestic consumers from global price volatility recorded in international market price assessments.