Brent oil on ICE climbs above $88 per barrel for first time since July 31

World oil pricesBrent oil on ICE climbs above $88 per barrel for first time since July 31 By 1:42 a.m. GMT, Brent crude had risen 0.41% to $88.08 per barrelMOSCOW, August 11. /TASS/. The price of Brent crude futures for October delivery on London's ICE exchange topped $88 per barrel for the first time since July 31, 2026, trading data showed. By 4:42 a.m. Moscow time (1:42 a.m. GMT), Brent crude had risen 0.41% to $88.08 per barrel. By 4:47 a.m. Moscow time (1:47 a.m. GMT), Brent growth slowed to $88.01 per barrel. Meanwhile, WTI crude futures for September delivery gained 0.43% to trade at $82.48 per barrel. TagsOil priceArmenia imports 20,000 tonnes of oil products from Azerbaijan over past year — MFABoth countries continue working to boost bilateral trade, the Armenian Foreign Ministry statedRead moreSouth Korea committed to its stance of non-supplying weapons to Ukraine — agencyThe official stressed that Seoul had always carried out supply of defense materials to any country in accordance with its domestic lawRead moreYabloko received money through third parties from US, Germany — financial watchdogAmong the party’s counterparties, there were individuals who made donations via Armenia and IsraelRead moreRomania provides direct military support to Ukraine — Russian diplomatYury Pilipson noted that the port of Giurgiulesti had been turned "into a transit hub for delivering various cargoes to Ukraine"Read moreRussia proposes civil drone technology cooperation to BRICS nationsDeputy Industry and Trade Minister Alexey Gruzdev emphasized that Russia is keen to share its operational expertise in deploying unmanned aerial vehicles across different industriesRead moreDeath toll from earthquake in Colombia climbs to 111 — presidentAbelardo de la Espriella said that 87 people were injuredRead moreMoscow remains committed to Anchorage agreements at this stage — deputy foreign ministerMikhail Galuzin stressed that resolving the situation around Ukraine through diplomatic means is possible if there is the necessary political willRead moreArmenia imports 20,000 tonnes of oil products from Azerbaijan over past year — MFABoth countries continue working to boost bilateral trade, the Armenian Foreign Ministry statedRead moreRussia says world bodies’ silence on Kiev attacks on its cities to be seen as complicityAccording to Maria Zakharova, Kiev is deliberately carrying out these strikes, which are meaningless from a military point of view, for terrorist purposesRead moreUkraine has no resources left to continue conflict — Russia’s senior diplomatMikhail Galuzin separately said that the recent management reshuffle in Ukraine was carried out in order to retain power and control over the Western financial ‘trough’ Read moreEnvoy condemns France’s attempts to blame Russia for wildfires in EuropeRussian Permanent Representative to the international organizations in Vienna Mikhail Ulyanov asserted that French officials do not respect their own populationRead morePutin congratulates Raul Castro on what would have been his brother Fidel’s 100th birthdayThe congratulatory message was read out by presidential envoy for international cultural cooperation Mikhail Shvydkoy at the first international colloquium "Fidel: Legacy and the Future"Read moreColombia registers strongest quake nation has seen in decade — Geological SurveyThe seismologists recorded two aftershocks with magnitudes of 2.8 and 4.8Read moreWestern pressure on Georgia regarding Russia has no effect — MFAMikhail Galuzin highlighted that Russia and Georgia’s relationship is rooted in centuries of shared history, culture, and spiritual bondsRead moreIndia diversifies crude oil sourcing amid market volatility — agencyLocal media outlets note that Russia retains its position as India's top oil supplierRead moreNetanyahu’s Likud party projected to win upcoming parliamentary election — pollAccording to Next Data's research, the party could receive 33 seats out of 120 if elections took place around this timeRead moreGerman FAZ journalist hit with petition demanding his dismissal for remarks about RussiansThe initiators believe that Michael Martens "crossed the boundaries of journalistic impartiality"Read moreOne dies, two wounded after Ukraine’s drone attacks on Belgorod RegionThe local crisis center reported the two injured men were taken to hospitalRead moreUS to unblock Iranian ports after transit through Strait of Hormuz restored — ReutersThe sources emphasized that further US actions will be tied to Iran's fulfillment of its obligations to ensure shipping in the straitRead moreKalashnikov to develop unmanned boat based on BK-10 assault craft — CEOAlan Lushnikov said that any type of weaponry can be installed on this boat at the customer’s requestRead moreRussian swimmer Borodin wins European title in 400-meter individual medleyThe athlete covered the distance in 4:08.17 seconds, setting European championship recordRead moreIN BRIEF: Drone attack on Nizhnekamsk kills thirteen people, including childAccording to the investigation, Ukraine used drones to strike residential areas and industrial facilities in NizhnekamskRead moreKiev may be handed bill for Nord Stream pipelines at later date — Russian envoyAccording to Rodion Miroshnik, Germany has now chosen a strategy of prolonging the investigationRead moreRussia says Kiev hit foreigners to drive wedge into its relations with fraternal nationsMaria Zakharova called on all members of the international community to condemn the barbaric crimes of the Kiev regimeRead moreHelicopters better than missiles shoot down UAVs over Russian territory — Kalashnikov CEOAccording to Alan Lushnikov, as a result of the Vikhr missile upgrade, the company has obtained a sufficiently effective means of combating fixed-wing UAVsRead moreRuble’s strengthening hinders Russian firms from competing with Chinese imports — RSPPIn recent years, Chinese imports have posed stiff competition to Russian goods, Alexander Shokhin notedRead moreExpert does not rule out global ‘fight for LNG’ amid Middle East tensionsAccording to Alexey Grivach, in that case, many buyers in Asia will be looking for alternatives, including from RussiaRead moreIsrael acknowledges negotiations underway ‘on all main fronts’Chief of the General Staff of the IDF Eyal Zamir added that Israel maintains "the readiness and ability to immediately return to intensive combat operations"Read moreChinese company to launch regular container shipments to Europe via Northern Sea RouteThe weekly service will cut the transit time between the two locations by nearly half to 20 daysRead moreMore than 130 UAV crews trained at Moscow Military District last monthDuring the training, the soldiers honed their skills in flying drones over obstacles on a special FPV training course equipped with structures simulating urban terrainRead moreSupreme Court finds no evidence of calls to extremism in Yabloko propaganda materialsA spokesperson for the court said that party Rodina’s arguments against the materials should be considered in a separate proceedingRead moreFyodorov facilitated Palantir's involvement in Ukraine conflict — opposition politicianViktor Medvedchuk added that the former defense minister was "the public face of projects in which drones, digital battle management systems and artificial intelligence were gradually combined into a single control mechanism"Read moreSeven citizens of Uzbekistan die in drone attack on NizhnekamskThe strikes targeted both industrial and civilian facilitiesRead moreTrump claims Strait of Hormuz completely cleared of minesThe US president says the strait is open to all ships except those heading to Iranian portsRead moreUkrainian nationalist units replenish ranks with mobilized citizens — Russian commanderAkhmat Special Forces Commander Lieutenant General Apty Alaudinov said that most of the ideologically committed Ukrainian nationalist have been killed on the battlefieldRead moreGeneral Prosecutor’s Office calls for removing Yabloko candidates from Duma electionsThe prosecutor cited receiving foreign funding and violating legislation on combating extremism among the groundsRead moreRussia opens flights to two more Egyptian airports — regulatorBoth airports are located on Egypt's Mediterranean coastRead moreRussian financial watchdog finds evidence opposition party received funding from abroadYabloko will be provided with the documents from Rosfinmonitoring under a non-disclosure agreementRead moreRussian missile frigate hits target in Black Sea drills off CrimeaThe sea range was sealed off for shipping for security reasonsRead moreScientists name a new reason for methane release in the ArcticThe study has been carried out by the experts from Skoltech, the Tomsk Polytechnic University and the Academy of Sciences’ Pacific Oceanology InstituteRead moreWashington fails to bring down Iran like it wanted — Iranian presidentMasoud Pezeshkian said that Tehran's "enemy" forecasts based on AI data and information received from spy networks and agents failed one by oneRead moreIN BRIEF: Putin’s statements at State Council Presidium meeting on public transportationAccording to the Russian leader, the law does not yet define the concept of a "guaranteed carrier," but this approach could be promisingRead moreIN BRIEF: Russian preparing terrorist attack on military detained in KhersonThe man has admitted guilt and is actively cooperating with the investigation, the Russian Federal Security Service reportedRead moreIsrael claims neighbors only want to make friends with it to surprise attack it laterAccording a foreign source cited by Kan, representatives of an unnamed nation in the Middle East recommended another regional country "show tactical flexibility" and make an agreement with Israel to "lull it into a false sense of security"Read moreDeath toll in Colombia’s earthquake climbs to 132 — local radioAccording to a report by BluRadio, 570 more people were injuredRead moreBrazilian, Spanish mercenaries surrounded near Kharkov — Russian defense sourceAccording to the source, "nationalists from the reconnaissance battalion of Ukraine’s 425th Separate Assault Regiment have been tasked with evacuating the mercenaries"Read moreUS farmer Walker says his family will not be expelled from RussiaAfter Justus Walker’s visit to Russia’s migration office on August 10, Russian Interior Ministry Spokeswoman Irina Volk said that legal status of his family members has been settledRead moreIran’s supreme leader appoints Ali Abdollahi to lead armed forcesKiyumars Heidari, who previously served as the commander of the Iranian Army's Ground Forces, will become his deputyRead moreFAZ journalist's comments must be legally assessed — Russian embassy in SerbiaThe diplomatic mission noted that Michael Martens' remarks could incite hostility or intolerance towards RussiansRead morePutin arrives in West Siberia’s Novosibirsk on working visitThe Russian president's visit focuses on regional issues and the development of science and technologyRead moreRussian troops strike Ukrainian army’s energy, transport infrastructure over past dayThe Ukrainian army lost roughly 1,300 troops in battles with Russian forces in all the frontline areas over the past 24 hoursRead moreRussia to resort to measures in response to growing NATO presence in Finland — embassyAccording to a source in the embassy, Russia has repeatedly drawn attention to the detrimental consequences of this policy, and the diplomats are sure that Helsinki are aware of these signalsRead moreTrump vows to get compensation from Iran for deaths of US troopsAccording to Donald Trump, the US also considers it necessary to compensate the families of those who participated in protests in the republic over the past 50 yearsRead moreRussian ambassador slams Canada’s new sanctions as empty posturingAccording to Oleg Stepanov, Prime Minister Mark Carney’s office understands "that such actions have no practical significance"Read moreAviation kerosene production in Russia at sufficient level — Energy MinistryAccording to the statement, the entire required volume of consumption will be met by the level of productionRead moreLATAM Airlines plane sends mayday signal in Argentinian airspaceAccording to Flightradar, the plane is descending somewhere over Buenos AiresRead moreDefeat in Kramatorsk to deal massive blow to Kiev — BildThe situation is getting worse day by day, and the frontline is moving closer to Ukrainian positionsRead moreRussia’s Battlegroup West shoots down over 100 Ukrainian heavy hexacopters over past dayThe battlegroup’s service members also destroyed 63 UAV control centers, three Starlink satellite communication stationsRead moreRussian strikes paralyze Ukraine’s southern power grid — officialYevgeny Poddubny said the damage to the energy infrastructure in the southern regions of Ukraine is of particular importanceRead moreNationwide state of emergency declared in Colombia following earthquakeAccording to the National Unit for Disaster Risk Management (UNGRD), this decision was made by President Abelardo de la Espriella’s decision after it was unanimously supported at the emergency government meetingRead moreNumber of people injured in drone attack on Nizhnekamsk climbs to 48All the injured are receiving qualified medical assistanceRead moreOne civilian killed, one more wounded in Ukraine’s attacks on Donetsk during dayHead of the DPR Denis Pushilin says the victims were caused by an attack on a gas stationRead moreHossein Taeb appointed head of Iran’s Basij paramilitary forceTaeb already served in this post between 2007 and 2009Read moreTrump, GOP not sitting pretty as midterms near — CNNThe TV channel noted that rising gas prices were worsening Americans’ perception of the state of the economy, while weak employment did not help the Republicans eitherRead moreUkraine to need years to produce Patriots — Financial TimesAccording to an editorial by the newspaper, the agreement is not a quick solution to the problem of technology transfer and the creation of a certified supply chainRead moreIN BRIEF: Supreme Court rules to disqualify Yabloko party from parliamentary pollsThe Russian Supreme Court has ruled to uphold a petition by the Rodina party to disqualify the Yabloko party from the upcoming elections to the Russian parliament’s lower chamber, the State DumaRead moreYabloko not to be removed from ballot until its appeal is consideredYabloko will be able to appeal the Supreme Court’s decision within five daysRead moreEurope finds itself in trap of Russian agrarian import restrictions — expertEuropean countries have found themselves in a trap: by restricting the supply of agricultural products from Russia through sanctions, they are now trying to arrange imports via third countries, Anatoly Tikhonov, head of the Center for International Agribusiness and Food Security at the Russian Presidential Academy of National Economy and Public Administration saidRead moreNATO reconnaissance aircraft circles Kaliningrad Region for second time in AugustThe aircraft last flew a similar route on August 4Read moreDecision to disqualify Yabloko party from parliamentary race yet to enter forceThe party has five days to challenge the court's rulingRead moreTodd Blanche takes office as US attorney general — White HouseEarlier, the Senate confirmed Blanche’s nomination to the post by a minimal majority voteRead moreMoscow rejects option of 'freezing' Ukraine conflict, Russian deputy foreign minister says"Russian President Vladimir Putin has repeatedly stated that no 'freeze' is possible without eliminating the root causes of this crisis," Mikhail Galuzin emphasizedRead moreCanada sanctions UAE firm over alleged ties to RussiaThe statement claims that the sanctioned company's products are being utilized in the special military operation in UkraineRead moreSoobrazitelny corvette takes part in antisubmarine warfare drills in Baltic SeaThe vessel’s crew located, classified, and tracked the target using the ship’s hydroacoustic station and deployed a Ka-27 anti-submarine helicopterRead morePutin arrives in Buryatia Region on working tripThe head of state is expected to take part by videoconference in a ceremony marking the commissioning of the Yermakovsky Mining and Processing PlantRead moreRussia's foreign trade surplus for January-June increased to $73.4 blnRussia's total trade turnover in January-June 2026 increased by 11.4% year-on-year, reaching $365.6 billionRead moreOver 210 Ukrainian drones taken down over Russian regions during dayOn-duty air defenses intercepted the Ukrainian UAVs over 12 Russian regionsRead moreAmur Shipyard sets afloat small missile ship ShtormThe launch was executed using the Amurets launching pontoon, produced by the shipbuilders as part of the United Shipbuilding Corporation’s dock programRead morePutin speaks on Russia's demographic situation, balancing act of modernizing citiesThe President noted that Russian cities should not lose their historical character amid modernization effortsRead moreRussian Be-200 aircraft help extinguish wildfires in TurkeyAccording to the Russian embassy, this collaboration has become a good tradition and serves as an example of practical cooperation between Russia and TurkeyRead moreUkraine lost MiG-29 fighter jet in Odessa Region — Air ForceThis is the second such incident in Ukraine in less than two weeksRead moreKalashnikov upgrading BK-16 boat that is to be equipped with machine gun — CEOAlan Lushnikov emphasized that the customers were already placing orders for the modernized BK-16 boatsRead moreUS-brokered Lebanese-Israeli talks to be held in Rome in early September — TVA US Department of State official told Al Jazeera that the sides are facing political restrictions and internal pressure, while Washington is trying to settle the issuesRead moreDeath toll from US, British strikes on Yemen exceeds 70 — Houthi leaderAccording to Abdul-Malik al-Houthi, this week alone the US has carried out at least 10 airstrikes in Yemen, including eight in al-Hodeidah provinceRead morePress Review: EU seeks to prolong Ukraine conflict and NATO prepares Arctic opsTop stories from the Russian press on Monday, August 8thRead moreOmsk court appoints interim manager for Russia’s only producer of glass noodlesThe company will be under Vladislav Andreev's supervision for four monthsRead moreBrent oil on ICE climbs above $87 per barrel for first time since July 31By 7:31 p.m. Moscow time, Brent edged up by 4.3% to $87.14 per barrelRead moreKiev troops bombard Donetsk People’s Republic 27 times over past dayA civilian was killed and another one woundedRead moreRussia develops latest Fantom camouflage cape, concealing soldier’s silhouetteAt night, the cloak’s materials minimizes light reflection and glare and pronounced contrast to prevent detection by night-vision devicesRead morePress review: NATO expands Black Sea presence and raises risks as Hormuz deal sparks hopeTop stories from the Russian press on Friday, August 7thRead moreRussia to respond tit-for-tat to Moldova's diplomatic provocations — Foreign MinistryDeputy Foreign Minister Mikhail Galuzin indicated that the Moldovan side introduced quotas on the number of embassy staffRead moreZaluzhny leads Ukraine’s confidence rating, with Zelensky in 4th place — pollAccording to the poll, the former commander-in-chief of the Ukrainian Armed Forces is trusted by 66% of respondentsRead moreFAZ journalist’s show some Germans neglect Eastern front lessons — Serbian politicianMilos Jovanovic emphasized that any reaction to Michael Martens’ comments should be determined by the Serbian people themselvesRead moreSupreme Court rules to disqualify Yabloko party from parliamentary pollsThe Yabloko party has five days to appeal the rulingRead moreAI access to data on nuclear weapons could turn against humanity — lawmakerAndrey Svintsov recalled that AI agents have repeatedly escaped human control. In particular, companies Anthropic and OpenAI reported cases of their AI agents escaping beyond the space designated for testingRead moreLibya’s military intelligence chief Mansouri assassinated — news web portalAccording to the report by Al Marsad, the attackers used an explosive device to assassinate Fowzi Mansouri near his home in BenghaziRead moreItalian PM faces growing pressure over support for Ukraine — mediaAccording to the report, Giorgia Meloni is also "hardening her tone" on migrationRead moreIN BRIEF: Colombian earthquake: casualties and damageAt least 18 people died in the city of Pereira, Mayor Mauricio Salazar saidRead moreUS retains potential for escalation in conflict with Iran — TrumpThe US president did not elaborate on whether he intended to strike the leadership of the Islamic RepublicRead moreIran’s supreme leader appoints Ahmad Vahidi to head Islamic Revolutionary Guard CorpsAli Ozmaei was appointed as the new head of the IRGC NavyRead moreMoscow ready to expand pragmatic ties with Tbilisi — senior Russian diplomatMikhail Galuzin clarified that there are currently no bilateral political contactsRead more