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Market Watch: Oil prices jump EU leaders agree to ban most Russian crude imports

Written on . Posted in PT Global Economy.

  • Oil prices jumped after EU leaders reached an agreement late Monday to ban 90% of Russian crude by the end of the year.
  • The embargo is part of the European Union’s sixth sanctions package on Russia since it invaded Ukraine.

Oil prices jumped after EU leaders reached an agreement late Monday to ban 90% of Russian crude by the end of the year.

During Asia hours on Tuesday, U.S. crude futures for July were up 3.53% to $119.12, while Brent crude futures rose 1.87% to $123.95. At one point, U.S. crude rose to $119.42 per barrel — a 12-week high, according to Refinitiv data.

Contracts for August also traded higher: WTI crude jumped 3.66% to $116.34, and Brent was up nearly 2% to $119.96 per barrel.

The agreement resolves a deadlock after Hungary initially held up talks. Hungary is a major user of Russian oil and its leader, Viktor Orban, has been on friendly terms with Russia’s Vladimir Putin.

Charles Michel, president of the European Council, said the move would immediately hit 75% of Russian oil imports.

Bennett confirms classified IAEA docs were stolen by Iran

Written on . Posted in PT Middle East.

The prime minister shared a link to a Google Drive including the relevant IAEA files.

Prime Minister Naftali Bennett confirmed a recent Wall Street Journal report that Iran had stolen classified documents from the International Atomic Energy Agency (IAEA) and used them to create cover stories to hide its nuclear weapons program on Tuesday.

“Iran stole classified documents from the UN’s Atomic Agency @IAEAorg and used that information to systematically evade nuclear probes. How do we know? Because we got our hands on Iran’s deception plan,” tweeted Bennett, attaching a link to a Google Drive including the relevant files.

“For seven months the house of Israel will be burying them, in order to cleanse the land.” Ezekiel 39:12

Bennett’s tweet included a satirical animated video portraying Iranian intelligence obtaining the documents and hiding evidence from the IAEA. “Iran lied to the world. Iran is again lying to the world. And the world must make sure that Iran doesn’t get away with it,” read a message at the end of the video.

The Wall Street Journal reported last week that Iranian nuclear documents seized by the Mossad in 2018 included secret records from the IAEA that Iran had accessed and used to create cover stories to hide parts of its nuclear program.

Read More @ JPost HERE