World Business Report - Ukraine's drone strikes hit Russia's oil industry

Download Ukraine's drone strikes hit Russia's oil industry

Russian motorists queue for miles in the hope of buying petrol, but President Putin describes the problem as manageable.

Meanwhile fighting has erupted in the Persian Gulf with both US and Iran firing at targets on land and at sea. Almost no ships are currently passing through the Strait of Hormuz.

And the world's biggest professional ESports event gets under way in Paris.

Published on Wednesday, 8th July 2026.

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