Black Sea incident

Oil prices faced a modest downturn, driven by concerns over China's economic rebound and a stronger U.S. dollar, despite earlier gains attributed to OPEC+ supply cuts. Brent crude futures experienced a slight decline of 0.84%, reaching $86.08 per barrel,...

a Russian warship fired warning shots at a cargo ship, marking the first such incident since Russia's exit from a UN-brokered grain deal. This move was prompted by Russia's suspicion that ships heading to Ukraine might carry weapons. The...