Data Blackout Normalized

Russia's ban on oil and gas trade data becomes a durable feature rather than a temporary wartime measure. Traders, the IEA, Kpler, Vortexa and Western governments rely more heavily on satellite tracking, port observations and customs mirror data, leaving enforcement gaps but avoiding an immediate supply shock.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.