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Price of Brent crude oil down by more than 6% on London’s ICE

By 5:10 p.m. Moscow time the price of Brent futures contracts had narrowed losses to 5.4% as it traded at $71.54 per barrel

MOSCOW, June 16. /TASS/. The price of futures contracts of Brent crude oil for August 2025 delivery has extended losses, having dropped by more than 6% on London's ICE, according to trading data.

As of 4:55 p.m. Moscow time (1:55 p.m. GMT) the Brent price was down by 6.02% at $71.07 per barrel.

By 5:10 p.m. Moscow time (2:10 p.m. GMT) the price of Brent futures contracts had narrowed losses to 5.4% as it traded at $71.54 per barrel. The price of futures contracts of WTI crude oil for August 2025 delivery was down by 4.58% at $70.35 per barrel.

The price of gold futures contracts for August 2025 delivery on the Comex exchange (a division of the New York Mercantile Exchange) was down by 1.09% at $3,413.1 per troy ounce.

The Wall Street Journal reported earlier, citing officials in the Middle East and in Europe, that Iran had signaled readiness to end escalation of the conflict with Israel and resume nuclear program talks via Arab intermediaries.

The price of Brent oil was up by more than 4% on the ICE at the beginning of the new trading week amid the conflict in the Middle East.

Saint Petersburg International Economic Forum 2014

Industrial SMEs in Russia reach 450,000 — SME Corporation

"We have more than a hundred small and medium enterprises engaged in production of spacecraft, launch vehicles and components for them," CEO of the SME Corporation Alexander Isaevich said

Russian, Turkish foreign and defense ministries step up their communication — Kremlin aide

According to an earlier statement from the Kremlin, Vladimir Putin and Recep Tayyip Erdogan in their phone talks expressed "serious concern about the ongoing escalation of the Iranian-Israeli conflict"

Netanyahu poses biggest threat to security of region, Erdogan said

"President Erdogan said that Turkey has been conducting intensive diplomatic contacts since the Israeli attack on Iran," the administration of the Turkish leader said

Washington cancels Russia-US meeting on eliminating irritants — Foreign Ministry

As Foreign Ministry Spokeswoman Maria Zakharova noted, the Russian side hopes the pause they have taken will not last too long

Russian oil export down 230,000 bpd in May, revenues lose $480 mln — IEA

Russia’s crude production in May fell by 100,000 bpd to 9.17 mbd, according to the International Energy Agency

Iran’s parliament approves strategic partnership treaty with Russia — embassy

On January 17, following talks in the Kremlin, Russian and Iranian Presidents Vladimir Putin and Masoud Pezeshkian signed the Treaty on Comprehensive Strategic Partnership between the two countries

Turkish Airlines cancels flights to Moscow — ATOR

At the airports of central Russia, restrictions on the arrival and departure of aircraft were again introduced on the night of May 26, the Association of Tour Operators of Russia recalled

Mini missiles increase Pantsir round of munitions four times

High Precision Complexes Holding has created an airspace monitoring system comprising mini radars that detect low-signature drones

Netanyahu names third goal of operation in Iran – to destroy 'axis of terror'

Previously, Israel declared two objectives for its operation: to put an end to Tehran’s nuclear and missile programs

Russia calls on Israel to stop expanding settlements in Palestine — Russian mission to UN

As Dmitry Polyansky underlined, he is convinced that "the Security Council can and must play a role in the negotiating process and make sure that its results are observed by all parties"

Russia’s top security official holds talks with North Korean leader in Pyongyang

Earlier, Sergey Shoigu arrived in Pyongyang on a special mission from President Vladimir Putin

Trump drops idea of organizing meeting between US, Iranian officials — TV

The New York Times reported earlier that Trump had suggested that his envoy Steve Witkoff and Vice President JD Vance try to meet with Iranian officials later this week

Americans to participate in Intervision song contest

The names of the participants will be announced later

Russian embassy dismisses UK sanctions as 'petty'

"In connection with the G7 meeting in Kananaskis, Canada, the UK government, with feigned and inappropriate pomp, announced the latest tranche of anti-Russian sanctions," the embassy said

Putin to hold telephone call with Chinese President Xi this week — presidential aide

The Russian president will have a telephone conversation with the President of China, during which, naturally, in addition to bilateral topics, issues of the current situation in the Middle East will be discussed

More than 150 business events to be at SPIEF — Kremlin aide

"These are panel discussions, topical roundtables, business breakfasts and televised debates," Yury Ushakov said

Putin to speak about global policy, economy at SPIEF — Kremlin aide

The Russian president traditionally takes part in the SPIEF and speaks at the plenary session

Medvedev allows use of nuclear weapons by Russia when ‘patience runs out’

The politician underscored that no one really needs a nuclear conflict - it is "a very bad story with a very difficult outcome."

Putin’s agenda at SPIEF to be very tight — Kremlin

Preparations for the SPIEF continues and the head of state will work in St. Petersburg during the remaining days of the week, Dmitry Peskov said

Russia never asked to be allowed back to G8, Lavrov says

The Russian top diplomat has commented on US President Donald Trump’s suggestion to bring Russia back to the G7

Press review: Iran-Israel conflict deepens and anti-Trump protests divide US society

Top stories from the Russian press on Monday, June 16th

US president supports stationing European peacekeepers in Ukraine

According to him, such initiatives have been voiced by France and the UK

Trump gets more open to striking Iran’s nuclear sites — report

Trump remains open to a diplomatic solution, but only if Iran makes significant concessions, according to the report

US business representatives to attend St. Petersburg Economic Forum — Kremlin

As the materials suggest, the forum’s program envisages 21 business dialogues, including with the United States

Yemeni Houthis say they will interfere into Iranian-Israeli conflict to back Iran

According to al-Bukhaiti, the Houthis will coordinate their attacks against Israel with Iran

Trump says he may send Vance or Witkoff to meet with Iran — journalist

"It depends what happens when I get back," the US leader said

IN BRIEF: New arms, blasts: what is known about exchange of strikes between Israel, Iran

US President Donald Trump said he expects the destruction of Iran's nuclear program without Washington's involvement

EC wants to make EU as uncompetitive as possible on global stage — RDIF head

Earlier on Tuesday, EU Energy Commissioner Dan Jorgensen said that the European Commission had proposed to completely ban EU countries from purchasing pipeline and liquefied natural gas from Russia by the end of 2027

Iran prepares missiles for striking US bases in Middle East — report

Tehran would be ready to strike any American bases in Arab countries, the New York Times said

IDF reports missile attack from Gaza

The Israel Defense Forces said that no injuries were reported

Russia honors its commitments under Istanbul accords — Kremlin spokesman

Dmitry Peskov stressed that a lot has been done to implement the agreements that were reached in Istanbul

Situation around Iran's nuclear program more complex now — Kremlin

Previous reports have suggested that Russia might take custody of Iran’s uranium stockpile

Explosions rock ammunition depots near Kiev — newspaper

Kiev Mayor Vitaly Klitschko also said there was a fire at night in the warehouses in the Svyatoshinsky district of the capital

Putin to discuss aggravation in Middle East with OPEC Secretary General — Kremlin aide

"The agenda comprises the current status of the global oil market and prospects of its development in the light of aggravation in the Middle East," Yury Ushakov noted

Russia’s FAB bomb strike destroys Ukrainian army platoon in western Donetsk region

The FAB bomb strike also destroyed Ukrainian military equipment, including Baba-Yaga hexacopter drones, the source added

IRGC targets Mossad headquarters, Israeli military intel buildings in missile strike

As previously reported, Israel’s Glilot military intel base near Tel Aviv was hit by IRGC’s missile strike

West trying to keep status quo globally resisting developing states’ influence — Novak

The desire to maintain dominant positions in the global economy leads to bilateral agreements being ‘pushed’ instead of multilateral ones, which results in a new round of regionalization, the Russian deputy prime minister added

Russian troops breach Ukrainian defenses near Verkhnekamenskoye in Donetsk region — expert

Andrey Marochko said that the Ukrainian military is currently trying to hold its key positions and "fierce battles are raging" near Verkhnekamenskoye

About 20,000 representatives from 140 countries to attend SPIEF — Kremlin

Yury Ushakov said that this included participants in live and virtual formats

Iran says it used undetectable missiles to strike Mossad headquarters

According to the Iranian official, the attack came as a surprise for the Israel

Trump says not really pursuing talks with Iran — news agency

The US president said he wants a "real end" to the conflict, not a ceasefire

Heads of leading news agencies to ask Putin questions on sidelines of SPIEF — TASS chief

"This year, 15 heads of the world's leading news agencies have been invited to the meeting," Andrey Kondrashov said

PhosAgro to sign fifteen agreements at SPIEF — company

"The management of PhosAgro will take part in fifteen panel sessions and business dialogs", the company informed

Iran delivers strikes on airbases in Israel — agency

The IRGC warned that "targeted operations" against Israel will be continued

Trade turnover between Russia, Indonesia has grown by 40% since year’s start — Kremlin

According to Yury Ushakov, "the joint commission on trade and economic cooperation is working very fruitfully"

Iran uses advanced missile in attack on Israel — Iranian Defense Ministry

Earlier, ground forces commander Major General Kioumars Heydari said that Iran attacked Tel Aviv, Haifa and other Israeli military facilities with "advanced weapons"

Zelensky leads Ukraine to terrible finale, killing his own people — Russian MFA

Maria Zakharova compared the Ukrainian president with a drug baron from classic US movies

Putin to discuss Middle East escalation with South African vice president — Kremlin aide

"Issues of further development of bilateral relations in various fields will be discussed," Yury Ushakov said

Russia expects signing of free trade agreement between Indonesia, EAEU — Lavrov

The Russian foreign minister said that the conclusion of the free trade agreement between Indonesia and the Eurasian Economic Union would be of great importance for further deepening of economic cooperation with Indonesia

St. Petersburg International Economic Forum to welcome Bahrain as guest country — Kremlin

Yury Ushakov said that Bahrain was sending a representative delegation to St. Petersburg, around 80 people

Federation Council committee approves law on amendments to federal budget for 2025

According to the document, Russia’s budget revenues in 2025 will amount to $490 bln, or 17.4% of GDP

UAV warehouse in Kiev hit by Russia’s strike — media

Kiev officially did not confirm the Russian strike on the hanger with drones

Volgograd airport officially receives historical name Stalingrad

The push to restore the airport’s historic name originated from World War II veterans in the Volgograd Region

FACTBOX: 2025 St. Petersburg International Economic Forum

The 28th St. Petersburg International Economic Forum will take place from June 18-21, 2025

Boeing took hit by leaving Russian market — Putin

Rostec CEO Sergey Chemezov noted that the Americans had brought in a significant number of modern machines and set up an entire production facility in Russia

Russian stock indices rising on Tuesday — market data

The ruble-denominated MOEX Russia Index gained 1.87% to 2,788.94 points

Statesmen, politicians from 50 countries will attend SPIEF — Kremlin

The St. Petersburg International Economic Forum will take place on June 18-21

Armed protesters demolishing Kazakh president’s Almaty residence

The law enforcers left the building after the shootout

Industrial SMEs in Russia reach 450,000 — SME Corporation

"We have more than a hundred small and medium enterprises engaged in production of spacecraft, launch vehicles and components for them," CEO of the SME Corporation Alexander Isaevich said

Press review: Hopes for Israeli-Iranian diplomacy dim as oil prices fluctuate amid crisis

Top stories from the Russian press on Tuesday, June 17th

Russian forces strike Ukrainian army training center, air defense radars over past day

Kiev loses 1,320 troops in all frontline areas over past day

Lavrov urges global community to intensify efforts to ease Israeli-Iranian tensions

The Russian foreign minister called for resolving all emerging issues at the negotiating table

Putin to meet head of BRICS New Development Bank on Wednesday

"This will be the fourth meeting with the head of the bank already," Yury Ushakov added

Evacuation of Russian citizens from Iran coordinated by embassy in Tehran — Kremlin

"All Russian citizens currently in Tehran who have been in contact are ensured the opportunity to evacuate," Dmitry Peskov said

Iranian military says air defenses downed 28 Israeli targets over past day

According to the report, the intercepted goals included Israel’s Hermes drone used to monitor the "vulnerable areas" of Iran

Israeli military command’s calculations groundless — senior Russian diplomat

"Common sense and the return to the negotiating table are needed instead of the escalatory pathway and the military spiral," Sergey Ryabkov said

Iran denies former president Ahmadinejad was killed

Some news media earlier reported that the former president was killed in Tehran

Price of Brent crude oil up by almost 3.5% on London’s ICE

The price of futures contracts of WTI crude oil for August 2025 delivery was up by 1.49% at $71.64 per barrel

FACTBOX: Oil refinery strikes and radiation leaks – 5 days of Israel-Iran escalation

At least 1,800 people have received wounds and injuries after Israel’s attacks on Iran, Iranian Health Minister Mohammad-Reza Zafarghandi stated

Iran announces start of 'even larger, more devastating' attack on Israel

The Islamic Revolutionary Guard Corps added that Israel, "despite extensive aid of the US and Western countries and possession of most modern and advanced defense technologies," could not counter Iranian missiles

Lavrov, Egyptian foreign minister call for cessation of hostilities between Iran, Israel

The Rissian Foreign Ministry stressed that Egyptian side expressed high appreciation for Russia's readiness to provide the necessary mediation efforts for a political and diplomatic settlement of the crisis

Putin’s helicopter at epicenter of Ukraine’s drone attack during visit to Kursk Region

"We simultaneously conducted an air defense battle and ensured the safety of the presidential helicopter’s flight in the air," air defense division commander Yuri Dashkin said

Hungary, Slovakia boost gas supplies from Russia, bypassing Ukraine — Szijjarto

According to the Hungarian Foreign Minister, the volume will rise to 3.5 billion cubic meters

Top diplomats of Russia, Indonesia to talk economic cooperation ahead of SPIEF

Russian Foreign Ministry Spokeswoman Maria Zakharova announced that the two top diplomats will exchange opinions "on a wide range of issues on the bilateral agenda"

No serious operations yet staged by Iran against Israel — Iranian top brass

The real, decisive and punitive retribution against Israel will be inflicted very soon, Abdulrahim Mousavi said

Zenit St. Petersburg basketball club parts ways with head coach Pascual

Last season Zenit BC finished as the top seed in the Russian league, and reached the finals in the playoffs, losing to arch rival CSKA Moscow in the championship

Avtovaz to unveil Lada crossover at SPIEF

Earlier reports said that the crossover will be produced on the Lada Vesta platform and the start of production is scheduled for early 2026

Israeli-Iranian conflict rapidly escalating — Kremlin

"So far, the situation is moving toward an even greater escalation," Dmitry Peskov said

IN BRIEF: Talks with US, Middle East, Putin's agenda at SPIEF: Kremlin aide’s statements

The issue of a new round of negotiations on normalization of relations between Russia and the United States has "somewhat stalled" after a pause taken by Washington

Trump unconvinced that Israel needs to topple Iranian government — report

According to the report, Israel’s leaders contemplate "regime change" in the Islamic Republic

European Commission suggests banning Russian gas by end of 2027

The European Commission is going to create mechanism to protect the ban against its circumvention by EU countries

Orban replies to Zelensky’s threats to Hungary

Hungarian Prime Minister Viktor Orban said, that country doesn't want to give the Hungarian money to Ukraine

North Korea to send 1,000 combat engineers, 5,000 workers to rebuild Kursk Region – Shoigu

According to Sergey Shoigu, Moscow and Pyongyang also plan to create memorials for the Korean soldiers who died while liberating the Kursk Region

Next round of Russia-Ukraine talks expected soon — Kremlin

Following two rounds of talks in Istanbul, Russia and Ukraine agreed on a prisoner exchange based on a "1,000 for 1,000" format, as well as the swap of wounded and seriously ill detainees, along with soldiers under 25, under an all-for-all arrangement

US-Russia relations normalization process put on ice — Kremlin aide

"Now, obviously, some kind of an agreement will be reached between the US State Department and the Russian Foreign Ministry on where and when to hold the next meeting," Yury Ushakov said

Israeli, US air defenses have no answer for some of Iran's missiles — US expert

Daniel Davis said that the US should not join Israel’s military operation against Iran

Putin to hold a meeting on economic issues on Wednesday — Kremlin

The Russian president will take part in events at the St. Petersburg International Economic Forum

Los Angeles police initiate mass arrests of curfew violators

The police did not specify the number of those arrested

Security council secretary to brief North Korea on Russia’s stance over Iran — diplomat

Andrey Rudenko added that during Sergey Shoigu's visit, the parties will discuss "a wide range of issues"

Canadian authorities add Putin’s ex-wife to sanction lists

Tatiana Yumasheva, the daughter of late Russian President Boris Yeltsin, was also blacklisted by the Canadian government

Rostec creates Serp counter-UAV EW

Serp EW has been installed on many defense enterprises and "properly defends them against drone raids," CEO Sergey Chemezov said

Liberation of Petrovskogo in Donbass region paves way for offensive toward Dnepropetrovsk

Earlier, the Russian Defense Ministry reported the liberation of Petrovskogo in the DPR

Kremlin agrees with Trump that Russia’s exclusion from G8 was mistake — spokesman

Dmitry Peskov added that the Kremlin analyzes all statements made at the summit

Shoigu arrives in Pyongyang, scheduled to meet with North Korea’s Kim

This is Russian Security Council Secretary's third visit to the Democratic People’s Republic of Korea in almost three months

UK added ten companies and individuals to anti-Russian sanctions package

Considering the earlier announced sanctions, the number of ships in the United Kingdom’s black list is now close to three hundred

Brent prices gain more than 5% — market data

WTI futures with the settlement in this August added 4.14% and reached $73.51 per barrel

Iran expects BRICS to condemn Israeli aggression, diplomat says

Iranian MFA Spokesperson Esmail Baghaei noted that the BRICS group will hold a meeting on June 16-17 to discuss the Iran-Israel conflict

Israeli attacks on civilian nuclear facilities in Iran push world to nuclear disaster

"Russia is calling on Israel’s leadership to come to its senses and immediately stop air raids on Iran’s nuclear installations that have guarantees from and are inspected by the IAEA," Russian foreign ministry said

Iran strikes Tel Aviv, Haifa with 'new weapons,' plans step up attacks soon — general

Earlier, air-raid alerts sounded in Israel, including in Tel Aviv, in connection with the Iranian missile attack

Press review: Moscow sees no peace intent in Kiev as US aids Ukraine strikes

Top stories from the Russian press on Wednesday, June 11th

Iran strikes Rafael weapons factory, sources say

No further details have been disclosed regarding the extent of the damage or the factory’s specific location