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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Low visibility prevents PM’s helicopter from landing in Taherpur, Modi returns to Kolkata airport
Kolkata (PTI): Prime Minister Narendra Modi’s helicopter failed to land at the Taherpur helipad in West Bengal owing to low visibility on account of dense fog in the area on Saturday, an official said.
The PM’s chopper made a U-turn after hovering over the helipad ground for a while and returned to the Kolkata airport, he said.
Till reports last received, the Prime Minister was waiting at the airport for further updates on the weather situation.
It wasn’t immediately clear if Modi would reach the rally venue district by road or whether he would wait for the weather to clear up and make another attempt to reach Taherpur by the aerial route, the official said.
Earlier in the day, the Prime Minister reached Kolkata at around 10.40 am and took a chopper onward to Taherpur in Nadia district, where he is scheduled to hold an administrative programme to launch highway projects in West Bengal, followed by a political rally of the BJP, titled Parivartan Sankalpa Sabha, which he is supposed to address.
