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The US authorities temporarily allowed the purchase of Iranian oil loaded on tankers earlier than March 20. The relaxation of sanctions will last 30 days. It will allow about 140 million barrels to be brought to the market. The goal is to bring prices down below $100 per barrel.
The attacks on Iran increased the wholesale price of flour-grade wheat from the Black Sea region by about $6/t.
The March 19 summit of EU heads of state was supposed to focus on competitiveness and discuss comprehensive measures that would boost EU economic growth.
Russia is preparing to cut military spending for the first time since the start of the war against Ukraine. But this reduction does not mean a weakening of war funding: the government is looking for ways to spend more efficiently.
On Friday, March 20, the British pound fell in value due to rising oil prices, which worsened investor sentiment.
The Board of Directors of the Bank of Russia at a meeting on March 20 reduced the key rate by 50 basis points, down to 15%. This is reported by RBC with reference to the regulator. This is the seventh consecutive rate cut in the current cycle of monetary policy easing, which started in June 2025.
Austria wants to temporarily reduce the tax on mineral fuels: as a first step, the tax on diesel and gasoline is to be reduced by 5 euro cents per liter each, the Austrian federal government has announced.
The quota trading system has divided EU countries at today’s summit. The 27 leaders agree that energy prices are a serious problem, but disagree on how to solve it.
EU leaders gathered for a summit today to try to persuade Viktor Orban to lift his veto on a 90 billion euros allocation to Ukraine and to discuss the escalating military conflict in the Middle East and high energy prices.
US President Donald Trump has vowed to “blow up everything” in Iran’s South Pars gas field if Tehran attacks Qatari gas fields again.
At the opening of the session, oil was trading around $110 per barrel. As of 5:55 Moscow time, the cost of May futures for Brent increased by 4.5% to $112.26 per barrel. In general, oil rose in price by about 11% during the week, and for the month the growth exceeded 50%.
On Wednesday, March 18, global oil prices showed a decline after the news of resumption of oil exports from Iraq’s Kirkuk fields to the Turkish port of Ceyhan.
Moldova is on the 5th place in the ranking of European countries with the lowest prices for chicken eggs.
Moldova was ranked among the top 20 countries in terms of projected GDP growth between 2026 and 2030.
Slovakia’s state-owned company SEPS has officially notified Ukraine about the cessation of emergency electricity supplies.
US President Donald Trump, during a meeting at the White House, called on the Federal Reserve to hold a special meeting to cut the rate, The Wall Street Journal reports.
Financial infrastructure and technology hubs in the Middle East have become priority targets for Iranian strikes as the regional conflict escalates. Last week, Iran officially declared banks and economic centers in the U.S. and Israel “legitimate targets.
According to analysts at Goldman Sachs, a sharp rise in oil prices linked to the conflict in Iran could reduce global economic growth by about 0.3% and lead to higher inflation over the next year.
Major indexes went up on Monday amid a drop in oil prices from highs, the passage of two tankers through the Strait of Hormuz for the first time since the war began and Trump’s announcement that the U.S. is negotiating with Iran.
Britain was the first to react to the military situation, Logos Press reported, citing Prian.
