Anger at attacks on civilians by Russian forces after ceasefire deals fail and humanitarian corridors collapse amid renewed shelling
Oil prices have soared more than 10% and are closing in on their all-time high levels after the risk of a US and European ban on Russian crude threatened a stagflationary shock for world markets. The global benchmark of Brent crude hit US$139.13 a barrel at the start of trading on Monday, a leap of more than $20 on Friday’s close of $118.03. The rise came after US Secretary of State Antony Blinken said the White House and allies were in talks about banning imports from Russia.
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