Brent crude up $10, shares sink as Ukraine conflict deepens
Tokyo (AP): The price of oil jumped more than 10 a barrel and shares were sharply lower Monday as the conflict in Ukraine deepened amid mounting calls for harsher sanctions against Russia.
Brent crude oil briefly surged over 10 to nearly 130 a barrel early Monday. Benchmark US crude was up nearly 9 at more than 124 a barrel.
The surge followed a warning from Russian President Vladimir Putin that Ukrainian statehood was imperiled as Russian forces battered strategic locations.
A temporary cease-fire in two Ukrainian cities failed and both sides blamed each other.
Meanwhile, oil prices came under more pressure after Libya's national oil company said an armed group had shut down two crucial oil fields.
US House of Representatives Speaker Nancy Pelosi said the House was exploring legislation to further isolate Russia from the global economy, including banning the import of its oil and energy products into the US.
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Bangladesh's first female Prime Minister Khaleda Zia dies at 80
Dhaka (PTI): Bangladesh's former first female prime minister, Khaleda Zia, has died after a prolonged illness, local media reported on Tuesday.
Zia, the country’s first female prime minister and chairperson of the Bangladesh Nationalist Party (BNP), has passed away at the age of 80, the Dhaka Tribune reported.
She died while undergoing treatment at Evercare Hospital in Dhaka early Tuesday morning, around 6 am, confirmed her personal physician, Professor AZM Zahid Hossain.
Zia was admitted to Evercare Hospital on November 23 for routine tests, during which doctors detected a chest infection and decided to keep her under observation.
Her condition worsened on November 27, prompting her transfer to the hospital’s Coronary Care Unit (CCU).
In the early hours of Tuesday, Professor Hossain, a member of the medical board overseeing her treatment, had described her state as “very critical.”
Family members, including her son Tarique Rahman, visited her at the hospital late Monday night.
Despite efforts by a team of local and foreign specialists, her health continued to deteriorate.
