Fires
over St. Petersburg as Putin opens his economic forum
Ukrainian drones struck a major oil terminal in St. Petersburg early
on June 3, sending fires visible across the city and disrupting flights
at Pulkovo Airport. The attack coincided with the opening of Putin’s
St. Petersburg International Economic Forum — one of the deepest strikes
ever reached into Russia’s second-largest city. Hours earlier, Ukraine
had hit the JSC Progress weapons plant in Tambov Oblast for the fourth
time; the plant manufactures control systems for the Kh-101 cruise
missiles Russia uses against Ukrainian civilians. ISW reads the timing
as deliberate: the strikes punctured Putin’s set-piece moment of
confidence.
The counter-blow followed Russia’s second mass strike package in 48
hours. Overnight June 2–3, Russia launched 198 drones; Ukrainian air
defenses downed 189. That came on top of the June 1–2 attack — 656
drones and 73 missiles — that killed at least 22 civilians, including an
eight-year-old boy, across Kyiv, Dnipro, Kharkiv and two other cities.
President Zelenskyy appealed to Trump for Patriot systems. ISW judges
the mass salvos as cover for Putin’s inability to defend Russian
territory from Ukraine’s deep strikes.
Russia
loses more ground than it captures — first time since 2023
In May 2026 Russian forces lost more territory than they captured for
the first time since October 2023, according to OSINT war monitors.
Russia occupied only 14 square kilometers in May, a dramatic decline
from the November 2024 peak of 725 km². Assaults are at record levels —
roughly 7,000 in May — but most now involve only one or two soldiers, a
sign of severe manpower exhaustion. The shift lands as Ukraine’s energy
campaign squeezes Russian logistics: gas stations in Belgorod, Kursk and
occupied Luhansk are rationing fuel, and Belarusian gasoline sales to
Russia have jumped 26-fold year on year.
Iran
turns the Strait of Hormuz into a crypto-paid toll booth
Iran formally halted negotiations with Washington and vowed to
“completely” block the Strait of Hormuz, as fresh missile and drone
exchanges hit US bases in Kuwait and Bahrain. Kuwait’s international
airport suspended flights after damage; the US responded by striking
Iranian facilities on Qeshm Island. Secretary Rubio said reopening the
strait is now a precondition for any talks. Trump alternately dismissed
talks as “very boring” and claimed they continue “at a rapid pace.”
Behind the maritime stand-off, War on the Rocks documents a
fundamental shift: Iran has converted Hormuz from an international
waterway into a controlled toll plaza. The new Persian Gulf Strait
Authority, launched in May, charges up to $2 million per transit,
payable in Bitcoin, stablecoins or yuan — potentially $20 million a day
from tankers alone, neatly routing around Western financial
oversight.
Trump
reportedly to Netanyahu: “You’re f**king crazy”
Times of Israel reports Trump berated the Israeli PM during talks
over a Lebanon truce — “you’re f**king crazy… I’m saving your ass.
Everybody hates you now. Everybody hates Israel.” The reported exchange
surfaces as Israeli warplanes continue dozens of airstrikes across
southern Lebanon despite US efforts to shore up the tattered ceasefire;
Israel issued fresh evacuation warnings for Nabatiyeh, though it has not
struck Beirut since the US-brokered deal.