The US does not plan to extend oil releases from its Strategic Petroleum Reserve (SPR), which are scheduled to end in the fall, Amos Hochstein, US President Joe Biden’s Special Presidential Coordinator for International Energy Affairs, said in an interview with Yahoo Finance on Friday.
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Japanese and South Korean troops joined US forces for missile defense drills off the coast of Hawaii, the first time the three countries have done so in several years. The Pentagon said the war games were meant to respond to “challenges” posed by North Korea.
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Using the funds could jeopardize the euro’s reputation, the bank’s vice president has said The EU should not use frozen Russian assets in order to help rebuild Ukraine, the European Central Bank (ECB) vice president, Luis de Guindos, said in an interview with De Standaard and La Libre Belgique news outlets published on Wednesday.
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