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Oil extends gains after US seizure of tanker off Venezuela

Oil extends gains after US seizure of tanker off Venezuela

Dec 11 (Reuters) - Oil rose for a second straight session on Thursday after the U.S. seized a sanctioned oil tanker off Venezuela’s coast, escalating tensions between the two countries and raising concern over further supply disruptions.
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Letters to the Editor Highlight Europe's Peace Challenges Amid Russia-Ukraine Conflict

Letters to the Editor Highlight Europe's Peace Challenges Amid Russia-Ukraine Conflict

A series of letters to the editor in the New York Post discuss Europe's role in the ongoing Russia-Ukraine conflict and the proposed peace plan involving President Trump. The letters criticize the European Union's lack of decisive action and question the effectiveness of the proposed peace plan, which includes removing sanctions on Russia. The writers express concern over rewarding aggression and emphasize the need for NATO guarantees for Ukraine. The letters reflect a broader debate on how Europe should respond to Russian aggression and the implications of the peace plan for regional stability.
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Oil Prices Steady Amid Russia-Ukraine Peace Talks and U.S. Interest Rate Decision

Oil Prices Steady Amid Russia-Ukraine Peace Talks and U.S. Interest Rate Decision

Oil Prices Steady Amid Russia-Ukraine Peace Talks and U.S. Interest Rate Decision
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House to Vote on $900 Billion Defense Bill Requiring Release of Boat Strike Videos

House to Vote on $900 Billion Defense Bill Requiring Release of Boat Strike Videos

The U.S. House of Representatives is set to vote on a $900 billion defense bill that includes provisions for increased military pay, reduced Pentagon diversity efforts, and the release of videos showing U.S. forces targeting alleged drug boats. This National Defense Authorization Act (NDAA) is a bipartisan effort that outlines the nation's defense policies. The bill comes amid scrutiny of Defense Secretary Pete Hegseth over military actions off Venezuela's coast. Lawmakers are demanding the Pentagon release unedited footage of these strikes, threatening to withhold part of Hegseth's travel budget if the videos are not provided. The bill also mandates the Pentagon to disclose the orders behind each attack, as some legal experts and Democrats argue that a recent strike violated the laws of war.
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Oil steady as supply concerns cap gains, market eyes Ukraine peace talks

Oil steady as supply concerns cap gains, market eyes Ukraine peace talks

SINGAPORE, Dec 10 (Reuters) - Oil prices held steady on Wednesday after falling about 1% in the previous session, as concerns over supply outpacing demand capped gains and investors watched for progress in Russia-Ukraine peace talks.
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Oil holds at two-week highs on expected US rate cut, geopolitical risks

Oil holds at two-week highs on expected US rate cut, geopolitical risks

By Florence Tan SINGAPORE, Dec 8 (Reuters) - Oil prices hovered at two-week highs on Monday as investors expect a Federal Reserve interest rate cut this week that will lift economic growth and energy demand while eyeing geopolitical risks that threaten oil supplies from Russia and Venezuela.
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Oil Prices Steady Amid Ukraine Peace Talks and U.S. Rate Decision

Oil Prices Steady Amid Ukraine Peace Talks and U.S. Rate Decision

Oil Prices Steady Amid Ukraine Peace Talks and U.S. Rate Decision
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Oil Prices Fluctuate Amid Ukraine Peace Talks and U.S. Interest Rate Decisions

Oil Prices Fluctuate Amid Ukraine Peace Talks and U.S. Interest Rate Decisions

Oil prices have edged down, extending losses from a previous 2% drop, as markets focus on peace talks to end Russia's war in Ukraine and an upcoming U.S. interest rate decision. Brent crude futures fell by 0.1% to $62.41 a barrel, while U.S. West Texas Intermediate crude dropped by 0.2% to $58.75. The market is reacting to Iraq's restoration of production at Lukoil's West Qurna 2 oilfield and the potential outcomes of Ukraine's revised peace plan discussions with the U.S. and European leaders. Additionally, the Group of Seven and the European Union are considering replacing a price cap on Russian oil exports with a full maritime services ban.
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President Trump Announces Military Escalation in Caribbean Amid Snow Disruptions Across U.S.

President Trump Announces Military Escalation in Caribbean Amid Snow Disruptions Across U.S.

A severe winter storm has caused significant disruptions across the United States, with heavy snowfall leading to widespread flight cancellations and delays. Concurrently, President Trump has announced plans to escalate the U.S. military campaign in the Caribbean. This announcement comes as Ukraine peace talks show progress, despite increased military strikes by Russia. The combination of domestic weather challenges and international military developments highlights a complex landscape of issues facing the U.S. at this time.
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U.S. Pushes Ukraine for Swift Agreement on Donbas Peace Deal Amidst President Trump's Frustration

U.S. Pushes Ukraine for Swift Agreement on Donbas Peace Deal Amidst President Trump's Frustration

The United States is urging Ukraine to expedite a peace agreement concerning the Donbas region, where 30% remains under Ukrainian control. President Trump has expressed frustration over the slow progress, emphasizing the need for a quick resolution. The U.S. proposal suggests freezing the conflict along current lines, a stance that Russia reportedly supports. However, Ukraine is wary of conceding territory, fearing it could embolden further Russian aggression. The situation highlights the tension between U.S. diplomatic goals and Ukraine's territorial integrity concerns.
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Russia Launches Strikes on Ukraine After US-Ukraine Peace Talks

Russia Launches Strikes on Ukraine After US-Ukraine Peace Talks

Russia has launched a series of strikes on Ukraine, just hours after peace talks between the US and Ukraine concluded. The attack involved over 600 drones and dozens of missiles, targeting various locations across Ukraine. This escalation comes as Ukrainian officials met with President Trump's team in Florida to negotiate an end to the ongoing conflict. The timing of the strikes suggests a strategic move by Russia to undermine the peace efforts.
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Oil steadies, Ukraine peace talks and US rate decision in spotlight

Oil steadies, Ukraine peace talks and US rate decision in spotlight

Dec 9 (Reuters) - Oil prices steadied on Tuesday after slipping 2% in the previous session, as market participants kept a close eye on peace talks to end Russia’s war in Ukraine and a looming decision on U.S. interest rates.