Price of Brent oil up above $94 per barrel on London’s ICE first since August 21

World oil pricesPrice of Brent oil up above $94 per barrel on London’s ICE first since August 21 As of 7:24 p.m. Moscow time, the Brent price stood at $94.26 a barrelMOSCOW, September 1. /TASS/. The price of futures contracts of Brent crude oil for November 2026 delivery on London’s ICE has risen above $94 per barrel for the first time since August 21, 2026, according to trade data. As of 7:24 p.m. Moscow time (4:24 p.m. GMT), the Brent price was up by 4.17% at $94.26 a barrel. By 7:29 p.m. Moscow time (4:29 p.m. GMT), the price of Brent oil had narrowed gains to 3.99% reaching $94.1 per barrel. Meanwhile the price of futures contracts of WTI crude oil for October 2026 delivery was up by 4.63% at $89.73 per barrel. TagsOil priceRosatom says practical international economic cooperation necessary in ArcticAlexey Likhachev emphasized that the region required a working mechanism, not a club for declarationsRead moreGoing visa-free with China, Ukraine peace: Putin meets with China, India leadersThe Russian leader stressed that Moscow was making efforts to end the Ukrainian conflictRead moreTwo supertankers attacked in Strait of Hormuz — BloombergBoth supertankers had deactivated the AIS transponders that reveal their locationRead moreIRGC say they downed MQ-9 drone over Strait of HormuzThe drone was taken down in the eastern part of the Strait of HormuzRead moreRussian air defenses down over 90 Flamingo cruise missiles in summer — TASS estimatesThe largest number of the missiles was shot down in a single day on August 15Read moreTrump rules out use of nuclear weapons against IranThe US president explained that "there's no reason for it"Read moreKiev military steps up attacks on Russian civilian targets — Russian diplomatRodion Miroshnik said the number of enemy strikes on civilian targets increased to nearly 1,200 per day last weekRead moreRussian, US finance chiefs discuss bilateral cooperation — Russian Finance MinistryThe G20 Finance Ministers and Central Bank Governors Meeting is taking place on August 31 and September 1 in Asheville, USARead moreZelensky office head’s mobilization remarks confirm Russian data on losses — expertKirill Budanov earlier stated that Ukraine needed to mobilize at least 30,000 people every month to maintain troop levelsRead moreSCO declaration omits Ukraine conflict, addresses nuclear disarmamentSCO countries voiced "deep concern over developments in the Middle East" and backed a diplomatic settlementRead moreTanker struck by three projectiles in Hormuz Strait — British maritime security authorityAccording to the statement, no casualties or environmental impact has been reportedRead moreHungary backs creation of ‘security corridor’ on NATO’s eastern flank — agencyHungarian Foreign Minister Anita Orban emphasized that Hungary would not become a "weak link" in NATO, as it is "firmly committed to the principles of unity and solidarity within the alliance"Read moreElections in Russia and readiness to receive Zelensky in Moscow: Kremlin's statementsDmitry Peskov stressed that Moscow is still ready to receive Ukraine’s Vladimir Zelensky for negotiations on the Ukrainian conflict while Russia’s position on this issue has not changedRead morePutin to take part in SCO summit, hold bilateral meetingsThe SCO summit will officially begin on the morning of September 1Read morePutin informs Indian PM Modi about Russia’s special military op progress — KremlinThe Russian leader had a meeting with the Indian Prime Minister in BishkekRead moreChina ready to deepen energy cooperation with Russia, including Power of Siberia 2 — MFAGuo Jiakun noted that Beijing is "ready to work with Russia to continuously deepen practical bilateral cooperation based on the principles of mutual respect and mutual benefit"Read morePresident Putin holds talks with Iranian counterpart PezeshkianThe meeting with the Iranian president opened a series of bilateral talks scheduled for todayRead moreRussia admires courage, resilience of Iranian people — PutinThe Russian leader added that Moscow welcomed the Iranian-US ceasefire memorandum concluded in June, but said the truce proved unstable and too fragileRead moreZelensky boosts peronal security — expert"The paranoid mood of the illegitimate Ukrainian president has intensified ahead of the so-called Ukrainian Independence Day and continues to this day," Andrey MarochkoRead moreMilitary from local special forces units took part in mutiny in Niger — Russian diplomatThe uprising was suppressed by the authorities with the assistance from the Russian defense ministry’s Africa CorpsRead moreAir defense systems are main focus of Russia-Iran military-technical cooperationFederal Service for Military-Technical Cooperation Director Dmitry Shugayev added that other types of weapons, such as aircraft and small arms, are also being discussedRead moreRussia ready for talks with Ukraine based on reliable peace plan — top senatorValentina Matviyenko added that the objectives of the special military operation had been stated in advanceRead moreSCO summit ends with adoption of two dozen key documentsIn particular, the SCO Council of Heads of State approved an action plan for developing ports and logistics centers in SCO member states from 2026 to 2030Read moreTrump says may continue strikes against IranThe US president added that his awareness of serious troubles in Iran "doesn't mean we won't smack them" Read moreUS requests public comments on Russia's WTO complianceInterested parties are requested to submit written comments or applications to participate in a public hearing scheduled for October 14, with a deadline of October 1Read moreIN BRIEF: Putin, Pezeshkian discuss Iran-US conflict, support for TehranThe Iranian leader thanked the Russian president for supporting the Islamic Republic during its conflict with the United StatesRead moreMass rollout of digital ruble begins in RussiaAt the first stage, the country's largest banks will offer their clients the ability to conduct transactions using the digital national currency, while all credit institutions will join the system by September 2028Read moreNew Russia sanctions bill faces opposition in US — PoliticoAccording to the newspaper, its future prospects are unclearRead moreUS ‘big enough’ to handle threats globally, vice president saysJD Vance commented on reports of weapons shortages affecting the US ability to respond to threatsRead moreFormation of multipolar world order is irreversible — PutinThe Russian president emphasized that numerous states were seeking to shape their own destiny and defend their legitimate interests by actively participating in international affairsRead moreRussia to respond to Japan’s deployment of US missile systems — Foreign MinistryMaria Zakharova pointed out that the statement had been made to the Japanese embassy in Moscow in connection with the military exercises conducted by Tokyo, Washington and CanberraRead moreTrump says China ‘relatively inactive’ on Strait of HormuzThe US president added that he has "a very good relationship" with Chinese President Xi JinpingRead moreRussia considers NATO risks 'on the water, on the ground, in the air' in military planningRussian Deputy Foreign Minister Alexander Grushko said that Moscow was observing the continued expansion of NATO infrastructure northward and was factoring these developments into its defense planningRead morePutin confident Rosatom will launch power unit at Akkuyu NPP in 2026The Russian president said the company is on scheduleRead moreRussian Aerospace Forces destroy up to platoon of Ukrainian troops in Kherson RegionThe Russian Aerospace Forces struck the enemy with FAB-1500 and FAB-500 bombsRead moreDefense industry facilities in Kiev, port infrastructure: Russian forces' massive strikeA gas station was damaged in the Obukhov district in the Kiev regionRead moreUS Treasury chief rules out agreements with Russia until Ukraine conflict ends — agencyAccording to a source cited by Reuters, Scott Bessent told Russian Finance Minister Anton Siluanov that no economic relief for Russia or agreements on other issues were possible until the conflict was overRead moreGlobal sports won't 'bend' to 'whims' of individual nations — Russian Olympic chiefMikhail Degtyarev underscored that the major competitions on the IOC calendar would be organized where there were no obstacles for individual participantsRead moreRussia’s air defenses destroy 13 Ukrainian smart bombs, 1,050 UAVs over past dayRussian servicemen liberated the settlements of Novopavlovka and Chervonaya Krinitsa in the Zaporozhye Region over the past 24 hoursRead moreIran relocates missile production facilities to safer places — IRGCAccording to adviser to the IRGC commander-in-chief Mohammad Reza Naqdi, the production sites are now operating with the use of the most advanced technologies and increased production capacityRead moreEU, NATO to establish high-level group to accelerate militarization of Europe — KallasThe head of European diplomacy said that Europe is investing in defense more than everRead moreRussia moving toward Ukrainian conflict settlement — PutinThe Russian leader also thanked Narendra Modi for sharing his expectations for Vladimir Putin’s upcoming visit to the BRICS summit in New Delhi in SeptemberRead moreEastern Economic Forum begins in Russia’s VladivostokThe forum will be held from September 1 to 4Read moreKremlin urges people to ignore ‘fake news’ in Western media, to focus on front realitiesThe fact is that nowadays, both less reputable publications and more reputable publications, as well as publications that were once reputable, do not shy away from any kind of fake news, Russian Presidential Spokesman Dmitry Peskov said Read moreSCO continues to expand as countries share same ideas — Kremlin spokesmanDmitry Peskov specified that the participants adhere to an approach "based on mutual respect rather than rules imposed by a boss on vassals"Read moreRussia, Kazakhstan never had major problems in relations — TokayevAccording to Kazakh President, if any minor conflicts arose, they were due to "purely economic disputes"Read moreIN BRIEF: Senior diplomat on NATO infrastructure northward movement, Russia’s responseAlexander Grushko noted that Russia’s traditional partners in the Arctic do not seem ready to act rationallyRead moreThe Hague deprived Mladic medication after his family refused euthanasia — ambassadorGeneral Ratko Mladic died in a UN prison in The Hague on August 27Read morePutin arrives at Bishkek's Yrys Ordo Congress Hall for SCO summitThe Russian president was welcomed by Kyrgyzstan’s leader Sadyr JaparovRead moreNATO turns Arctic into zone of military confrontation — Russian diplomatRussia sees provocative actions posed by the flights of strategic bombers, Alexander Grushko saidRead moreRussia creates high-speed combat unmanned aerial vehicleThe drone is capable of reaching speeds ranging from 200 to 260 km per hourRead moreUkraine hiding truth about its casualties from public, arms suppliers — Crimea sourcesGeneral mobilization has been in effect in Ukraine since February 2022 and has been extended repeatedlyRead moreSCO has become independent center of emerging multipolar world — PutinThe Russian president emphasized that today, the SCO is effectively the largest regional association not only on the Eurasian continent but globallyRead moreRussia struck energy, transport infrastructure used in Ukrainian army’s interestsRussian air defense forces intercepted and destroyed 766 Ukrainian unmanned aerial vehicles and seven smart bombs over the past 24 hours, the Defense Ministry reportedRead moreRussia adds over 100 mln carats to diamond reserves since start of yearHead of Rosnedra Oleg Kazanov noted that reserve additions are driven not only by new deposits but by additional geological exploration and the reassessment of existing depositsRead moreRussia's first AI law comes into forceThe law regulates relations involving the development, deployment and use of AIRead moreCall to prevent conflicts, not using finance as weapon: Putin’s statementsThe Russian leader said that Russia is ready to host the 7th World Nomad Games in Kazan in 2028Read moreSCO countries support reform of international financial architecture — declarationAccording to the Bishkek Declaration, the countries will continue to develop a practical dialogue on strengthening financial cooperation within the framework of the SCO Interbank ConsortiumRead moreRosatom plans to expand construction of small-scale, large NPPs in Iran, CEO saysAccording to Alexey Likhachev, a second group of specialists is preparing to return to the Bushehr NPPRead moreFACTBOX: Aftermath of Ukrainian drone attack on Russian regions, 516 UAVs neutralizedThe UAV attack damaged facilities in the port area of Ust-Luga in the Leningrad Region, where a fire broke outRead moreUkraine unable to intercept new models of Russia’s Geran drones — newspaperAccording to an article in The Guardian, the new-model drones have a cruising speed of about 400 kilometers per hour, roughly twice that of the piston-engine versionRead moreBerlin considers closing Russian consulate general in Bonn — Der SpiegelAllegedly, the German cabinet will not request consultations in accordance with Article 4 of the NATO TreatyRead more'Kiev-regime caliphate,' Zelensky’s green-screen filming: MFA statementsKiev’s Western sponsors became direct accomplices in its terrorist attacks against children, Maria Zakharova said Read moreChina successfully conducts first launch of Pallas-1 carrier rocketThe rocket’s flight proceeded normallyRead moreTrump claims about 30 ships pass through Strait of Hormuz every night with US assistanceThe US president noted that "a lot of oil is coming out," and the price has not increased as some forecasts had predictedRead moreUS considers limited strikes against Iran in Strait of Hormuz region — AxiosAccording to sources cited by the portal, the US goal is to prevent Iran from reconstituting its radar and missile capabilities to attack shipsRead moreUS Army Secretary Driscoll submits resignation — newspaperAccording to the report by The Wall Street Journal, the official is expected to leave the Pentagon in the coming daysRead moreMusk not letting Kiev use Starlink against Russia without White House’s consent — FTAccording to the newspaper, the businessman explicitly stated his position in a conversation with former Ukrainian Defense Minister Mikhail FyodorovRead moreTalking about mediation in Iran war still difficult — KremlinDmitry Peskov said the situation unfolding in the Persian Gulf around Iran will be discussed on Tuesday by Russian President Vladimir Putin and his Iranian counterpart Masoud PezeshkianRead moreIran developing air defense systems with no analogues — militaryAccording to Commander of the Air Defense Forces Alireza Elhami, one of the key advantages of Iran’s air defense systems is that potential enemy is unaware of their specificationsRead moreAt least five US military aircraft flying over Persian GulfBoeing KC-135R Stratotankers and Boeing KC-46A Pegasuses "are flying at an altitude of about eight kilometers, including along corridors designated for civil aircraft," a source in the Middle Eastern air traffic control services saysRead moreSeven injured as schoolgirl attacks classmates in KanskAccording to the regional health ministry, the victims are five children and two adultsRead moreRussia sanctions bill 'hanging by a thread' in US Congress — mediaHouse Democrats fear that "the bill as written would give President Donald Trump even more tariff-related authorities that he could abuse"Read moreKalashnikov unveils model of new AK-12+ assault rifle at EEFThe rifle uses 5.45 mm ammunitionRead moreUS uses fewer weapons against Iran than provided to Ukraine under Biden — TrumpAccording to the US president, Washington gave Ukraine over $300 billion worth of ammunition during this periodRead moreFyodorov’s statement on Patriot testifies to Kiev’s serious defense problems — expertAccording to Andrey Marochko, the statement in the Financial Times interview is quite controversial, as it is self-contradictoryRead morePutin, Erdogan begin bilateral meeting in BishkekThe meeting is taking place in the Aksakals Hall at the Ala Archa State ResidenceRead moreRussian forces liberate 91 communities in special operation zone over summerThe data shows that Battlegroup North liberated the largest number of communitiesRead moreEU fails to create jungle vs garden opposition in world — senior Russian senatorKonstantin Kosachev commented on Spanish PM Pedro Sanchez's remarks that Russia is allegedly involved in the migration crisis in the Spanish enclave of CeutaRead moreSu-57 fighter jet’s engine can withstand critical temperature of 2,000 degrees — RostecThe Su-57 is the world’s only fifth-generation fighter that has proven its ability in a real combat environment to efficiently counter Western-made air defense systemsRead moreRosatom building 16 out of 28 reactors abroad in SCO countries, CEO saysAccording to Alexey Likhachev, units in China, India and other countries are currently in the commissioning phaseRead moreRussia’s stance unchanged on Moscow’s readiness to receive Zelensky — KremlinPresident Vladimir Putin said that if Vladimir Zelensky wants negotiations, he can come to Moscow, Dmitry Peskov recalledRead moreSCO leaders highlight UN potential, reject 'law of jungle'TASS has compiled key statements from SCO leadersRead moreTrump says wants to get on with everyone when talking about inviting Russia to G20 eventsThe US president added that "getting along with everybody" is "one of the reasons that I'm so successful"Read moreKiev is amassing reserves, nationalist units in occupied part of Donbass — expertHolding the remaining territory of Donbass is currently Kiev's primary strategic objectiveRead moreRussian forces hit over 150 vessels carrying military supplies to Ukraine in summerMore than 80 targets were hit in JulyRead moreAmbassador to Belgrade doubts The Hague court to release details of Mladic’s deathAleksandar Vranes noted that there were no justice for Serbs in The HagueRead moreSCO leaders sign Bishkek Declaration — organizing committeeIn addition to the declaration, 27 other documents were signed, including the regulations on the Universal Center for Countering Challenges and Threats to the Security of SCO Member StatesRead moreForeign customers highly satisfied with Russian S-400 systems — FSMTC headDmitry Shugayev stressed that the S-400 had proven itself to be extremely effective in many theaters of warRead moreEU declines to follow US lead by meeting with Russia at G20 finance event — ECCommissioner for Economy Valdis Dombrovskis has no intention of meeting the Russian finance minister, European Commission Chief Spokeswoman Paula Pinho noted Read moreRecommendation to evacuate foreign diplomats from Kiev stands — Russian Foreign MinistrySpokeswoman Maria Zakharova said that it is not losing its significanceRead morePress review: US-Iran war resumes as EU readies to fund Ukrainian conflict beyond 2028Top stories from the Russian press on Tuesday, September 1stRead morePutin urges students to believe in themselves in Knowledge Day messageThe Russian president noted that today’s school and university students "are the ones who will continue our great Motherland’s track record of victories and achievements"Read moreIraq rejects proposal to keep coalition forces beyond September 30 deadlineGovernment spokesman Haider al-Aboudi said did not specify which country put forward the proposalRead moreShanghai Cooperation Organization summit kicks off in Kyrgyzstan's capitalKyrgyz President Sadyr Japarov has already greeted Russian President Vladimir PutinRead morePutin’s talk with Pashinyan to be pragmatic, respectful — KremlinThe Armenian prime minister now has different views on the possible future configurations for his country, but cooperation with Moscow brings great benefits to the Armenians, Russian Presidential Spokesman Dmitry Peskov saidRead moreOver 200 prominent Israelis urge PM to end West Bank violence — newspaperThe New York Times reported that the letter was signed by two former prime ministers, more than three dozen retired Army and Air Force generals, the former heads of the nation’s foreign and domestic intelligence services, as well as rabbis, a Nobel laureate and one of Israel’s most revered novelistsRead moreUS seriously considers use of nuclear weapons in Europe — Russian MFAAccording to Andrey Belousov, Washington’s efforts to initiate discussions on Russia’s non-strategic nuclear weapons serve to divert international attention from what he described as the threat posed by US nuclear weapons stationed in EuropeRead morePress review: EU mulls Russia-linked tanker seizures as US deal opens Venezuela oil accessTop stories from the Russian press on Monday, August 31stRead moreKiev losing conflict, can't expect better deal than it backed out of in 2022 — US analystTed Snider pointed out that the continued hostilities had catastrophic consequences for KievRead moreHundreds of Ukrainian military warehouses located in residential buildings — diplomatRussian Foreign Ministry Ambassador-at-Large for the crimes of the Kiev regime Rodion Miroshnik stated that Kiev uses Ukrainians as human shieldsRead more