Daily Round-Up | Russia bans oil exports in response to West’s price caps and more stories
In today’s episode, we bring you stories of Russia’s decision to stop oil exports to countries that have placed price caps, a wave of austerity in Tunisia, the continuation of Title 42, and Uruguayan unions rising up against pension reforms
Mapping Faultlines: Did capping Russian oil prices have no immediate impact?
NewsClick’s Prabir Purkayastha analyzes the impact of the G7 and EU price caps on Russian crude exports. He talks about whether it has been effective and what it means for the rest of the world
Many reasons why price cap on Russian oil exports cannot work
The United States and its allies are trying to impose new restrictions on the Russian economy, but like attempts so far, this one too looks fated to fail
OPEC+ agrees on oil output cut
The message is loud and clear: Saudi Arabia and Russia, who form the axis of the OPEC+, are closely coordinating on shaping the world oil market even as they could be competing for market share
- Nepal heads to first elections since mass protests
- Ecuadorian-Iranian Cultural Center attacked in Quito
- Israel escalates attacks against Lebanon
- Protests break out across South Asia against Iran war and assassination of Khamenei
- Iran continues waves of strikes against US bases in West Asia and offices of Israeli leaders
