Oil prices hit a 14-year high today as the Biden Administration considers its options, including a potential ban on Russian energy.
The possibility of sanctions have spurred the price of Brent crude oil, the global benchmark, above $130 per barrel, the highest it has cost since 2008.
Sanctions against Russian oil would not only raise gas prices globally, but it would increase inflation in the US, which is currently at a 40 year high. Mounting tensions caused by Russia’s invasion into Ukraine have caused what appears to be a shift in world alliances, as Biden considers his visit to Saudi Arabia, a country he has previously critiqued for its human rights violations.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Will the war in Ukraine make Joe Biden popular at home?With America supporting Ukraine and punishing Russia for its invasion, is Joe Biden due his own approval-rating boost?
Weiterlesen »
Biden Speaks With Zelenskyy, Discusses Aid and SecurityThe White House said U.S. President Joe Biden and Ukrainian President Volodymyr Zelenskyy spoke on Saturday to discuss aid and security during a more than 30-minute call.
Weiterlesen »
Russia-Ukraine war: what we know on day 11 of the Russian invasionUkrainian president Volodymyr Zelenskiy discusses more support with US leader Joe Biden as Russia’s attacks on Ukraine intensifyRussia-Ukraine war: live updates
Weiterlesen »
Russia-Ukraine latest news: China tells US it opposes moves that 'add fuel to the flames'Chinese Foreign Minister Wang Yi has told US Secretary of State Antony Blinken that China opposes any moves that "add fuel to the flames" in Ukraine.
Weiterlesen »
US works with Poland supply Ukraine with fighter jets to fight RussiaUnited States is working with Poland to supply MiG-29 fighter jets that can be used by Ukrainian Air Force. In return, Poland has asked for F-16 fighter jets to be given to the country as backup.
Weiterlesen »