A sixth round of Ukraine-related anti-Russia sanctions is unlikely to include an oil embargo, several media outlets reported citing sources within the EU government. According to Bloomberg, EU countries are still striving to agree on the sanctions package in full, and some member states believe that the decision on Russian oil should be postponed.

British Prime Minister Boris Johnson on Thursday ordered cabinet ministers to significantly reduce departmental staffing levels in a push to lower government spending. According to media reports, the PM has set out plans to terminate up to 90,000 civil servants, which is equivalent to a fifth of Whitehall.

The cost of gasoline at petrol stations across the United States hit a new all-time record on Friday, according to the American Automobile Association (AAA). The average retail cost of a gallon of gas (3.785 liters) jumped to $4.432, the AAA, which tracks prices at more than 60,000 gas stations across the country, said.