US EditionHungary will cut natural gas supplies to Ukraine until Russian oil deliveries resume
Hungary will redirect gas supplies to its storage and halt deliveries to Ukraine amid a dispute over the Druzhba pipeline, which Hungary blames Kyiv for delaying repairs.
- On Wednesday, Hungarian Prime Minister Viktor Orbán announced Hungary will gradually suspend natural gas exports to Ukraine until crude oil transit on the Druzhba pipeline resumes, redirecting remaining volumes to domestic storage.
- Orbán characterized the Russian oil stoppage as 'Ukrainian blackmail,' accusing Kyiv of blocking the Druzhba pipeline since January 27, 2026; Ukraine reports Russian airstrikes damaged the infrastructure, making repairs difficult.
- Ukraine relies on Hungarian gas for around 45% of its total imports, making it vulnerable to this suspension, which follows Hungary's earlier decisions to halt diesel exports and block a €90 billion EU aid package.
- Foreign Ministry spokesperson Heorhii Tykhyi stated that current imports have not been suspended, adding that Ukraine maintains sufficient gas volumes through its diversified energy sources to withstand supply disruptions.
- The energy standoff has stalled a €90 billion EU aid package for Ukraine as Hungary faces an April 12 election, deepening regional tensions over Russian sanctions and energy security across the bloc.
137 Articles
137 Articles
CNBC: How the big oil and gas CEOs think the Iran war supply disruption will play out
Oil industry executives painted a grim picture of the Iran war supply disruption at S&P Global’s annual CERAWeek energy conference in Houston. They warned that the disruption is bigger than the markets understand and prices are unlikely to return to pre-war levels soon. Read more: https://www.cnbc.com/2026/03/28/iran-war-oil-companies-price-gas-diesel-strait-hormuz.html
Oil Industry CEOs Say Oil Prices Won't Drop Even After War Ends CEOs of the global oil industry have predicted that international crude oil prices are highly likely to remain high for a considerable period even after the end of the war with Iran. According to foreign media outlets such as CNBC on the 28th (local time), recently at Cerahwick C... in Houston, USA
Oil industry executives paint grim picture of Iran war supply disruption (USO:NYSEARCA)
Oil industry CEOs expressed concern over President Trump's chaotic policymaking and decision to attack Iran, saying financial markets have not accurately reflected the gravity of the crisis.
Coverage Details
Bias Distribution
- 35% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
