Oil reaches 93 dollars in 21 days
The rise in oil prices back to around $93 per barrel rekindles fears of global inflation, with effects on stabilized European markets. Electric truck sales have surged by 86%, led by China, which now dominates 90% of the market. Meanwhile, Taiwan has increased its defense spending to over $35 billion, Brazil is betting on developing its domestic arms industry, Egypt faces its largest debt to the IMF, and Black Sea attacks have put major wheat importers in a difficult position.
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