Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Why the Russia, Ukraine crisis will see you pay more for fuel

Published

on

The crisis in Ukraine will have you paying more for fuel after oil prices climbed to a new, all-time high

Oil prices are climbing on fears that the Ukraine-Russia crisis will disrupt supplies across the world.

The price of Brent crude reached a seven-year high of $97.65 USD a barrel on Tuesday following an announcement by Russian President Putin ordering troops into two rebel-held regions in Ukraine’s east after it recognised them as independent states.

The UK and several western allies have threatened sanctions on Russia.

WASHINGTON, DC – MAY 13: U.S. President Joe Biden

Russia is the second largest oil exporter after Saudi Arabia

The Kremlin has stated that its troops will engage in “peacekeeping” in the self-declared Donetsk and Luhansk people’s republics – but those comments have been met with questions by the west, with the US calling such peacekeeper comments “nonsense”.

The White House says that Russia is creating a pretext for war.

Russia is also the world’s top producer of natural gas

A report by the BBC stated that sanctions forcing Russia to supply less crude or natural gas would have “important impact on the global economy.”

News

U.S. ramps up Cuba aid as energy crisis deepens

Published

on

The United States has announced an additional $6 million in humanitarian aid for Cuba, bringing total assistance since Hurricane Melissa struck the island in October to $9 million. The new relief package will focus on Cuba’s eastern provinces, including Holguín, Granma, Santiago de Cuba, and Guantánamo, providing staples like rice, beans, pasta, canned tuna, and solar lamps. U.S. officials said embassy staff will monitor distribution to prevent the government from diverting supplies.

The announcement comes amid worsening energy and fuel shortages. Cuba has faced widespread blackouts, leaving millions without electricity in several provinces, while rising food prices and limited fuel supplies have intensified humanitarian pressures. Officials warn that without sufficient oil imports, hospitals, transport, and essential services could be severely affected. The crisis has escalated following U.S. restrictions on Cuba’s oil shipments and Venezuela’s inability to supply fuel, forcing Cuba to turn to Mexico as its primary energy partner.

Humanitarian situation

Cuba’s President Miguel Díaz‑Canel accused the U.S. of imposing an “energy blockade,” while Mexican officials work to deliver fuel without triggering U.S. tariffs. Díaz‑Canel expressed willingness to engage in dialogue but insisted talks must respect Cuba’s sovereignty. U.N. Secretary-General António Guterres has voiced serious concern, warning that the humanitarian situation could deteriorate further if oil supplies remain restricted.

As Cuba struggles to balance disaster recovery with an ongoing energy crisis, the international community faces a delicate challenge: providing humanitarian support while navigating complex geopolitical tensions.


Download the Ticker app

Continue Reading

News

SpaceX expands Starlink with phone plans and satellite tracking ambitions

SpaceX expands Starlink with a mobile device and space tracking, raising concerns over revenue and US government reliance.

Published

on

SpaceX expands Starlink with a mobile device and space tracking, raising concerns over revenue and US government reliance.

SpaceX is pushing Starlink beyond internet from space, with plans underway for new consumer facing services that could reshape the telecom landscape.

The company is reportedly exploring a Starlink mobile device, positioning it as a potential rival to established smartphone players as it looks to extend its reach from orbit to everyday tech.

Starlink has become SpaceX’s financial powerhouse, generating an estimated $8 billion in revenue last year, with fresh trademark and patent filings signalling even more ambitious expansion ahead.


Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

Download the Ticker app

Continue Reading

News

Oil prices surge as U.S.-Iran tensions escalate

Published

on

Crude oil prices jumped over 3% on Wednesday as U.S.-Iran nuclear talks showed signs of faltering, pushing WTI futures above $65 per barrel. Axios reported disagreements over the venue and scope of Friday’s talks, while President Trump warned Iran’s supreme leader to “be very worried,” stoking fears of military escalation.

Tensions in the Persian Gulf added to the volatility. A U.S. F-35C shot down an Iranian drone near the USS Abraham Lincoln, and Iranian vessels threatened a U.S.-flagged tanker in the Strait of Hormuz. The USS McFaul escorted the tanker to safety, highlighting the region’s fragile oil supply routes.

Despite the clashes, nuclear talks will go ahead on Friday in Oman, but uncertainty continues to drive oil market volatility, with traders closely watching both diplomatic and military developments.

#OilPrices #IranUS #NuclearTalks #PersianGulf #WTI #EnergyMarket #Geopolitics #OilSupply


Download the Ticker app

Continue Reading

Trending Now