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The escalatory move is also an admission of Ukraine’s failure, a senior Russian diplomat has said The US decision to include cluster munitions in its latest batch of military aid to Kiev is an admission of failure and a desperate attempt to stave off defeat, Russia’s ambassador to Washington, Anatoly Antonov, said on Friday.

Crude could nosedive if the global economic slowdown hurts demand, Citi analysts predict Crude oil could plunge to $65 per barrel this year and fall further to $45 by the end of 2023 if a global recession cripples demand, Citigroup warned on Tuesday.