Image: Giphy/30 Rock
🛢️ OPEC+ announced its largest production cut since the start of the pandemic – against the wishes of the US and EU. The combined decrease of 2 million barrels per day is intended to push up global oil prices, which have fallen to ~$90 per barrel from $120 in June. The White House criticized the move, calling it shortsighted and suggesting that OPEC+ is actively supporting Russia (one of its member nations).
🇺🇦 Ukraine has recaptured dozens of “annexed” towns in recent days. Ukrainian forces are advancing as part of an ongoing counter-offensive in the south and east of the country. Russian President Vladimir Putin formally signed the annexation of four Ukrainian territories into law yesterday, a move that’s been denounced as illegal under Ukrainian and international law. Earlier this week, the Biden administration announced another $625 million in military aid to Kyiv, bringing the running total to $16.8 billion since late February.
🇮🇷 Iranian police were deployed at universities in several cities yesterday amidst widespread unrest. Girls and women across the country have been protesting at school campuses and in the streets over the death of 22-year-old Mahsa Amini at the hands of Iran’s morality police. Thousands of demonstrators have been arrested, with hundreds more injured and 150+ people killed in clashes with police, according to rights groups. Internet access in the country is still largely restricted.
🇷🇺🇧🇷🇮🇩 Russia formally (and illegally) annexed four occupied Ukrainian territories, Brazilians voted nationwide following one of the most violent election seasons in history, and a stampede at an Indonesian football match left at least 125 dead.
🤔🛢️ NATO released a statement yesterday saying the series of leaks on the Nord Stream pipelines were the result of sabotage, one day after the EU also said it suspected foul play – though neither revealed how they arrived at their conclusions, or named any suspects.
🇬🇧🇪🇺🇩🇪 The Bank of England pledged to buy gov’t bonds “on whatever scale is necessary,” the EU proposed new sanctions on Russia, and Volkswagen’s Porsche IPO is one of the largest in European history.
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