WS #10763
Crimea declares state of emergency after Ukrainian strikes on energy grid; Lukashenko heads to Russia for Putin talks; Iraq's oil ministry signals OPEC quota reassessment, supporting oil supply recovery. Oil heads for weekly decline despite Hormuz ship attack; Iraq's OPEC quota restoration and Saudi export ramp-up drive Brent below $72.48, bearish for energy but bullish for airlines and consumer stocks. Venezuela earthquake death toll reaches 589 with nearly 3,000 injured; significant damage to oil infrastructure but not yet reflected in prices due to OPEC supply focus.
Ukraine-Russia Escalation: Crimea Emergency & Belarus Tensions
Crimea declares state of emergency after Ukrainian strikes on energy grid; Lukashenko heads to Russia for Putin talks; Iraq's oil ministry signals OPEC quota reassessment, supporting oil supply recovery.
Oil heads for weekly decline despite Hormuz ship attack; Iraq's OPEC quota restoration and Saudi export ramp-up drive Brent below $72.48, bearish for energy but bullish for airlines and consumer stocks.
Venezuela earthquake death toll reaches 589 with nearly 3,000 injured; significant damage to oil infrastructure but not yet reflected in prices due to OPEC supply focus.