Ukraine Passes 2026 Budget Needed to Unlock New IMF Loan

Hungary confirmed that oil flows from Russia through the Druzhba oil pipeline have continued despite a recent attack attributed to Ukraine. This development underscores the resilience of energy supply routes amid ongoing geopolitical tensions.

Brussels is proposing emergency powers to raise €210 billion from frozen Russian assets to fund Ukraine, marking a significant shift in EU financial strategy amid ongoing conflict. This initiative aims to provide critical support to Ukraine's defense and recovery efforts as it faces persistent challenges from Russia.

Oil prices have risen following the failure of peace talks aimed at resolving the ongoing conflict in Ukraine, reflecting market reactions to geopolitical tensions. The negotiations, which involved high-level discussions between U.S. and Russian officials, did not yield a resolution, leading to increased uncertainty in the oil market.

Insurance rates for ships operating in the Black Sea have surged by 250% following a series of Ukrainian attacks on vessels linked to Moscow. This escalation in hostilities has raised concerns among shipping companies and insurers regarding the safety of maritime operations in the region.

Italy's foreign minister announced that the country will not participate in a NATO program to procure US weapons for Ukraine, deeming it premature amid ongoing peace negotiations. This decision reflects Italy's cautious approach to the evolving geopolitical situation in Eastern Europe.

Oil prices have continued to decline as traders assess the implications of ongoing high-level discussions between the U.S. and Russia regarding the Ukraine conflict. The market remains cautious amid persistent attacks on Russian energy assets, which contribute to uncertainty about future oil supply and demand dynamics.

Oil prices have eased amid ongoing uncertainty surrounding the peace negotiations between Russia and Ukraine, raising concerns about potential oversupply in the market. The recent trading sessions have been marked by volatility as traders closely monitor developments in the conflict, which significantly impacts global oil supply dynamics.

Oil futures declined as White House envoys Witkoff and Kushner arrived in Moscow to negotiate a peace deal with President Putin aimed at resolving the ongoing conflict in Ukraine. This development reflects the market's sensitivity to geopolitical tensions and the potential for changes in oil supply dynamics.