Times reporters make sense of what’s happening.
Tag: Embargoes and Sanctions
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Giorgia Meloni Leads Voting in Italy, in Breakthrough for Europe’s Hard Right
Early results suggested her nationalist party would be the top vote-getter, leaving Ms. Meloni poised to be Italy’s first female prime minister and the first with post-Fascist roots.
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Oil Prices Tumble to Their Lowest Level Since January
The U.S. benchmark oil price fell below $80 a barrel for the first time since the start of the year.
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How a Looming Oil Ban Could Devastate a Small Italian City
Italy’s largest refinery, owned by Russia’s Lukoil, has lost financing because of sanctions. Now, it faces the cutoff of its crude supply, putting thousands of jobs at risk.
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Ostracized by the West, Russia Finds a Partner in Saudi Arabia
The two oil-producing countries have extended their partnership even as the United States and Europe have sought to punish and isolate Russia for invading Ukraine.