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economicOct 12, 2026

Russian budget addresses any scenarios in global markets — Finance Minister

Summary

To this end, the baseline oil price was lowered to $50 for all three years of the financial plan, Anton Siluanov explained

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Russia

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economicUnverifiedUSIran
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US Central Command Chief of Staff Brad Cooper asserted in a video statement that US and regional partners, rather than Iran, control the Strait of Hormuz, claiming the US blockade of Iranian ports has halted Iran's non-humanitarian maritime trade and prevented the export of at least $25 billion in crude oil.

Cooper further stated that US forces assisted Gulf allies in moving more than 100 million barrels of crude through the strait in the past week, while noting that these actions have degraded the IRGC's ability to project power, although these specific operational metrics and cost assessments remain unverified independent claims.

Location: Strait of Hormuz