Anger at attacks on civilians by Russian forces after ceasefire deals fail and humanitarian corridors collapse amid renewed shelling
Full report: Zelenskiy vows revenge after civilians shelled in IrpinRussia-Ukraine war: what we know on day 12 of the Russian invasionOil prices soar 10% as US and Europe consider ban on Russian crudeBlinken vows to escalate sanctions but warns war could last ‘some time’Russian gymnast shows ‘Z’ symbol on podium next to Ukrainian winner
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.