Hungary said Friday it will use "every means" to resolve an escalating row with Kyiv over stalled Russian oil supplies to Budapest and Bratislava. Tensions have flared between Budapest and Kyiv in recent weeks over a damaged oil pipeline, the Druzhba pipeline, that delivers Russian crude to Central Europe.
Michael Gagliano works on the floor at the New York Stock Exchange on Friday. Seth Wenig/AP hide caption toggle caption Seth Wenig/AP NEW YORK — Oil shot to its highest price since 2023 after surging again Friday because of the Iran war, and a weak update on the U.S.
Cargo containers are staged near cranes at the Port of Tacoma in Washington. Ted S. Warren/AP hide caption toggle caption Ted S. Warren/AP U.S. customs officials say they're working on a system to deliver tariff refunds, and they hope it'll be up and running within 45 days.
Vantor satellite image shows firefighting efforts and damage assessment at Ras Tanura oil refinery in Saudi Arabia following a fire incident in early March 2026. Maxar/Satellite image (c) 2026 Vantor via Getty hide caption toggle caption Maxar/Satellite image (c) 2026 Vantor via Getty New drone strikes hit a major oil refinery in Bahrain on Thursday.
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Razed forests, collapsing fisheries and vanishing pollinators rarely register as national security threats. Yet recognition is growing that nature loss poses serious risks to political stability.
Average prices for diesel in Germany crept half a cent past €2 ($2.33) per liter (in other words, exceeding $7.50 per US gallon) on Wednesday morning, the ADAC motoring club said, while the cheapest variety of petroleum (or gasoline) stood just half a cent below the €2 mark on average.
The war in the Middle East has left global investors grappling with the impact of a drawn-out regional conflict on global energy supplies and its potential to stoke inflation around the world.
Germany's customs agency on Tuesday revealed that a sizable seizure of the drug ketamine was made at Cologne/Bonn Airport when an otherwise innocent-looking decoy object drew suspicion. Some 25 kilograms (about 55 pounds) of the widely misused anesthetic was found squirreled away inside five bushy-bearded garden gnomes that had been painted gold. How was the ketamine shipment found?
The US on Monday announced sanctions on Rwanda's military and senior military officials for supporting the rebel March 23 Movement in eastern Democratic Republic of Congo (DRC). The DRC government expressed its "deep appreciation" of the US, calling the sanctions "a clear signal of support" for the respect of its "sovereignty and territorial integrity."
A motorboat cruises off the coast of the United Arab Emirates, on the Strait of Hormuz, with a tanker seen in the background, on February 25, 2026. Tanker traffic through the strait has come essentially to a stop after Iran declared the strait closed following attacks on Iran by the U.S. and Israel.
The US-Israel attack on Iran and Iran's aggressive response have unnerved oil markets, with many analysts predicting a massive rise in oil prices.