Brent crude fell 15% Wednesday—its biggest one-day crash since the 1991 Gulf War—after the United States and Iran reached a ceasefire and announced the partial reopening of the Strait of Hormuz. The Strait’s “reopening” comes with terms that international maritime lawyers say are flatly illegal. Iran was still firing onContinue Reading
Giarelli is a senior lecturer in journalism and literature at Anglo-American University in Prague and the author of The Lands Between: A Central European Journey (danzig & unfried, 2025), a book about the cultures that took shape across the former Habsburg lands, ending with a chapter on Lviv. He wasContinue Reading
On Tuesday, EU High Representative Kaja Kallas stood in Kyiv to mark the fourth anniversary of the Bucha massacre and publicly signaled that the €90 billion loan meant to keep Ukraine financially afloat may not happen. “So, we should also keep in mind that if plan B does not work,Continue Reading
With Hungarian parliamentary elections less than two weeks away and Ukraine’s central bank warning the country may need to start printing money again by early June, the EU’s €90 billion loan package for Ukraine remains in limbo. “The European Parliament is a soft power instrument. It has no weapons, noContinue Reading
Western sanctions had squeezed Russia’s oil revenues to their lowest since the pandemic. Then the US bombed Iran—and within two weeks, reversed months of that pressure. Russia earned €7.7 billion ($8.3 billion) from fossil fuel exports between 1 and 15 March, according to the Centre for Research on Energy andContinue Reading
Every passenger train from Ukraine into Poland or Slovakia stops at the border. The wheel assemblies are changed. The track is a different width on each side—1,520 mm inside Ukraine, 1,435 mm in the EU—a gap engineered by Moscow to slow any foreign advance. South Korea has committed $8 millionContinue Reading
European leaders are pressing Ukraine to restore oil flows through a pipeline that Russia bombed—and conditioning the demand on weapons supplies. Ukrainian President Volodymyr Zelenskyy says that it is blackmail, and that the pipeline demand is indistinguishable from lifting sanctions on Russia. Restoring Druzhba would resume Russian crude exports andContinue Reading
For Ukraine, the most dangerous moment in a war is often the moment when the fighting appears to stop. A ceasefire can look like peace. In reality, it can be a pause. Ukraine learned that lesson once already. The lesson of Minsk The Minsk agreements were supposed to freeze theContinue Reading
Here at Euromaidan Press, we take our readers seriously, so we will not pretend that we have a crystal ball and can tell you the outcome of the US war against Iran. But here is what we do know ten days into the US war against Iran: Patriot ammo isContinue Reading
When oil prices jump, the standard explanation follows quickly: supply fell, demand rose, prices climbed. It sounds tidy. It is also wrong, or at least badly incomplete. The market is asking: what if the barrels cannot reach buyers tomorrow? Oil is not priced like potatoes at a village market. ItContinue Reading