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Brent nears $97 and WTI tops $94 as Israel-Iran fighting and Lebanon strikes lift crude
Crude prices climbed more than 4% on June 8 as conflict escalated between Israel and Iran and Israel carried out strikes in Lebanon. Brent rose about $4 to around $97 a barrel and WTI gained about $4 to about $94. Reports cited concerns linked to disruptions around the Strait of Hormuz.
Geopolitics & Trade · 5 days agoSt. Petersburg Urged to Stay Indoors as Ukraine Launches Large Drone Attack; Putin Rejects Direct Talks
Authorities in St. Petersburg advised residents to remain indoors after a large Ukrainian drone attack targeted Russia’s second-largest city on Saturday. The incident followed Russian President Vladimir Putin’s rejection on Friday of Ukrainian President Volodymyr Zelenskyy’s proposal for face-to-face talks. Ukraine has intensified long-range strikes on energy and military sites inside Russia.