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Zelenskyy warns oil price surge from Israel-Iran conflict could aid Russia's war chest
A sharp rise in global oil prices following Israeli strikes on Iran will benefit Russia and bolster its military capabilities in the war in Ukraine, Ukrainian President Volodymyr Zelenskyy said Friday in comments that were under embargo until Saturday afternoon.
Although the U.S. is a net oil exporter, higher oil prices could increase inflation and lower economic growth.
Following Israel's attack on Iran, aimed at taking out its nuclear capabilities, both West Texas Intermediate and Brent crude prices surged above $70 a barrel on Friday. That $70 level will likely ...
4don MSN
Nigeria and Saudi Arabian oil company Aramco are struggling to reach an agreement on a record $5 billion oil-backed loan ...
US Energy Secretary Chris Wright said it’s “unlikely” the country’s oil production will drop next year, contrary to the ...
Canada posted a $7.1-billion merchandise trade deficit in April – the largest on record – as exports fell sharply in the face ...
Wall Street's main indexes fell on Friday after Israel's deadly strike on Iranian nuclear facilities inflamed tensions in the ...
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