For your reference, please see below the highlights of this week’s report:
Europe & Mediterranean:
– Golden Leo sinks off Odesa, confirming severe consequences of Black Sea attacks. – Russian attacks halt ship arrivals and deepen disruption to Ukrainian grain exports. – Romania shoots down three drones and expels Russian diplomat over repeated airspace breaches. – Caspian Pipeline Consortium disruption halves Kazakhstan oil production before loading restart. – Security restrictions widen across Russia’s Black Sea grain-export system. – Ukrainian drones strike Russian refineries, logistics facilities and export infrastructure. – European Union adopts broad sanctions package targeting banks, shadow fleet and refineries. – Record-low Danube levels disrupt fuel imports and cargo navigation. – Low Rhine levels restrict cargo capacity and sharply increase freight costs. – France and Spain battle exceptional wildfires amid mass evacuations and transport disruption. – Gale-force winds repeatedly disrupt Greek ferry and island-freight services.
Middle East & Indian Ocean Region:
– Houthi attack sets Saudi tanker ENCELIA ablaze in the Red Sea. – United States and Saudi Arabia strike Iran-backed groups after attacks on Saudi oil targets. – Houthi attacks hit Jizan refinery and threaten Yanbu oil infrastructure. – Iran rejects joint Hormuz management as traffic remains severely restricted. – Unknown projectile splashes close to tanker in the southern Red Sea. -Yemen front-line mobilisation raises risk of renewed full-scale war. – China secures vessel-by-vessel Houthi clearance for Red Sea tankers. – Southern Red Sea war-risk premiums surge after Houthi attacks. – TORM INNOVATION reroutes Asia voyage through Suez and around the Cape. – Bab el-Mandeb traffic reaches weekly high, but recovery remains selective. – Indian refiner instructs suppliers to avoid Hormuz and the Red Sea.
West Africa:
– Gunmen kill at least 30 people in Kaduna State community. – Armed gangs kill more than 20 people across Zamfara villages. – Nigeria approves major army expansion amid worsening insecurity. – Senegalese President launches new party as rupture with Ousmane Sonko deepens. – Mali sentences former intelligence chief over alleged coup plot. – Nigeria and South Africa move to ease tensions over anti-migrant attacks. – International Monetary Fund completes final review of Ghana programme. – Côte d’Ivoire accelerates cocoa traceability and domestic-processing reforms.
North Africa:
– Sudanese army secures strategic Khartoum–El Obeid highway as drone strikes continue. -Saudi crude loadings shift toward Egypt’s Sidi Kerir amid Red Sea threats. – Egypt centralizes commodities and development functions under presidential authority. – Widespread Algerian wildfires sustain transport and access disruption risk. – Large anti-government protest raises short-notice disruption risk in Tunis. – Tanger Med secures first investment-grade ratings ahead of major expansion cycle.
Libya:
– Civil unrest breaches Mellitah complex and temporarily halts major oil and gas production. – European aviation authority extends Libya airspace risk advisory until January 2027. – United Kingdom implements AVAX designation over suspected illicit Libyan petroleum exports. – Central Bank launches major foreign-currency and cash-liquidity intervention. – United States delegation advances concrete east–west military-unification measures. – Greece strengthens measures against permanent Libya–Crete migration corridor. – Gas-transport company transferred to National Oil Corporation.
Asia:
– Vietnamese cargo ship sinks near Fiery Cross Reef, leaving 14 people missing. – Powerful earthquake in southern Japan kills at least 13 and disrupts transport and industry. – Flooding across India, Pakistan, and Afghanistan causes heavy casualties and infrastructure damage. – Chinese coast guard repeatedly water-cannons Philippine vessels at Scarborough Shoal. – Homemade bomb and suspected second device trigger tighter security in Metro Manila. – China conducts two days of live-fire drills in the Taiwan Strait. – Typhoon Noul disrupts southern China and Hong Kong transport networks. – United States, Japan, and Philippines complete South China Sea maritime exercises. – Taiwan plans Han Kuang drills focused on sea-lane protection and industrial resilience. – United Nations report confirms heavy civilian losses from Afghanistan–Pakistan fighting. – South Korea adopts a peace-first approach toward North Korea.
Latin America:
23 Jul 2026 – Venezuela | Oil contract migration deadline raises operational and counterparty sensitivity. 28 Jul 2026 – Mexico / United States / Canada | North American trade pact outlook worsens as Washington questions its future. 27 Jul 2026 – Brazil | World Trade Organization challenge escalates trade friction with the United States. 22–27 Jul 2026 – Panama / Colombia / Peru | Very strong El Niño raises canal, food and energy risks.
