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Category: Global Economy
Indian refiners bought about 30 million barrels of Russian crude after the U.S. gave the green light for such deals, with the price topping Dated Brent by $2-8 a barrel, Bloomberg wrote, citing informed sources.
Many traders expect bitcoin to recover to the $80,000 level between June and September, Derive said.
China’s consumer price growth increased to the highest level in more than three years. Deflation in the industrial market slowed again after a rebound in energy markets and a boom in consumer spending during the Lunar New Year holiday.
The Hungarian parliament has adopted a resolution against Ukraine’s admission to the EU and financial assistance to continue fighting. The document was supported by 142 MPs, 28 voted against it and 4 abstained.
The European Union is facing new challenges to its food safety system due to agri-food products imported from Mercosur countries. Recently, European Commissioners identified more than 80 tons of beef from Brazil containing growth hormones.
Lithuania will provide Moldova with 6 million euros of military assistance in 2026-2028. This was announced by Lithuanian President Gitanas Nauseda after a meeting with Moldovan President Maia Sandu, who is in Lithuania on an official visit.
The volume of international transfers of major arms worldwide grew by 9.2% between 2016-2020 and 2021-2025. At the same time, European countries more than tripled their arms imports, becoming the largest recipient region.
China started 2026 with unexpectedly strong foreign trade figures. According to the General Administration of Customs of the People’s Republic of China, the country’s exports in January-February grew by 21.8% year-on-year, significantly exceeding analysts’ expectations and becoming the fastest growth rate in recent years.
Aramco, the world’s top oil company, said Tuesday that the conflict with Iran continues to disrupt shipping in the Strait of Hormuz, which could have “catastrophic consequences” for global oil markets.
US President Donald Trump has said the US-Israeli operation against Iran will end soon.
European Commission President Ursula von der Leyen has said that it is “extremely important” for the EU to bring the Western Balkan countries, Moldova and Ukraine closer to the EU because it is about common European security.
The EU and Canada have started negotiations on the so-called Digital Trade Agreement (DTA) amid Europe’s conflict with the US over digital regulation.
Since the EUR became the base currency of the National Bank of Moldova (NBM) for determining the exchange rate of the MDL and conducting currency interventions (January 2, 2025), the country’s national currency has depreciated by 5.58%.
According to Politico, last week EU ambassadors actually “buried” the idea of accelerated accession, stressing that membership should be based solely on merit and full fulfillment of the criteria. Earlier, the publication also wrote that Ukraine’s hopes for quick accession to the EU had been dashed.
The incident with an air strike on Nakhchivan is not related to Iran and will be investigated. This was stated by President of the Islamic Republic of Iran Masoud Pezeshkian during a telephone conversation with Azerbaijani President Ilham Aliyev.
Early this Monday morning in Asia, Brent crude was up about 15.5% to $107.16/bbl, while U.S. Nymex Light Sweet crude was up more than 17% to $106.77/bbl.
The authorities intend to strengthen the protection of high-ranking officials and establish cooperation with the competent EU authorities.
Iraq’s oil production has fallen sharply amid ongoing conflict with Iran and problems with exports through the Strait of Hormuz.
The escalating conflict in Iran has already caused fuel and energy prices to rise and stock markets to plummet.
Tehran is experiencing a “temporary shortage” of fuel amid U.S.-Israeli airstrikes, according to the governor of Iran’s capital province. Residents have been urged to refrain from unnecessary travel and save fuel.
