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Brussels sanctions cost Moscow up to $1.5 trillion

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Brussels sanctions cost Moscow up to $1.5 trillion

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Gulf Ships Experience Internet Outages

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Baghdad may seek local bank loans

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UN chief urges Gaza aid crossings reopen

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EU allocates $3.23B to Ukraine
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Oil prices climb on escalation fears

Oil prices climb on escalation fears

Oil prices rose slightly after a temporary pause in the clashes between Iran and Israel, despite ongoing market uncertainty. Brent crude reached $94.38 per barrel, while West Texas Intermediate was at $91.41. Investors remain concerned about the possibility of renewed escalation in the region, as geopolitical risks persist despite the current de-escalation.

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