A Ukrainian drone attack killed one person and damaged a sea terminal in Russia’s Krasnodar region, Russian officials said. Ukraine’s SBU said it targeted the Tamanneftegaz terminal and pledged to keep striking Russia’s oil and gas sector.
Posts tagged as “the Group of Seven”
Rising gas prices in the U.S., driven by disruptions in oil shipments through the Strait of Hormuz amid the Iran conflict, have prompted discussions about releasing oil from the Strategic Petroleum Reserve (SPR) to stabilize the market. Although the SPR holds significant reserves, experts warn its impact may be limited due to the time required to release oil and the scale of supply disruptions, while G7 finance ministers have yet to agree on coordinated action. Meanwhile, oil prices remain volatile amid mixed signals about U.S. naval escorts in the region, and officials are exploring various policy options, though a lasting solution depends on reopening the Strait of Hormuz.
Ukraine's President Volodymyr Zelenskyy has arrived in Japan for diplomatic talks with the G7 nations, having been invited due to his strong wish to participate. The summit is expected to focus on a range of issues, including the global economic recovery, climate change, and the coronavirus pandemic. Zelenskyy is also pushing for international support as Ukraine prepares to take back territory seized by Russia in the war that began in February last year.