{"id":471985,"date":"2022-03-02T09:08:57","date_gmt":"2022-03-02T03:38:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=471985"},"modified":"2022-03-02T09:57:40","modified_gmt":"2022-03-02T04:27:40","slug":"oil-soars-as-russia-puts-nuclear-forces-on-alert-bank-sanctions-bite","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-soars-as-russia-puts-nuclear-forces-on-alert-bank-sanctions-bite\/","title":{"rendered":"Oil soars as Russia puts nuclear forces on alert, bank sanctions bite"},"content":{"rendered":"<p>MELBOURNE (Reuters) -Oil prices jumped on Monday on escalating sanctions against Russia over its invasion of Ukraine, which in turn led President Vladimir Putin to put his country&#8217;s nuclear deterrent on high alert.<\/p>\n<p>Brent jumped back above $100 a barrel, initially surging more than $7, as the nuclear alert and bank payment constraints heightened fears that oil shipments from the world&#8217;s second-largest producer could be disrupted. Russia accounts for about 10% of global oil supply.<\/p>\n<p>At 0643 GMT Brent crude futures were up $4.69, or 4.8%, at $102.62, after hitting a high of $105.07 a barrel in early trade. Last week the benchmark hit a more than seven-year high of $105.79 after Russia&#8217;s invasion of Ukraine began.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MELBOURNE (Reuters) -Oil prices jumped on Monday on escalating sanctions against Russia over its invasion of Ukraine, which in turn led President Vladimir Putin to put his country&#8217;s nuclear deterrent on high alert. Brent jumped back above $100 a barrel, initially surging more than $7, as the nuclear alert and bank payment constraints heightened fears that oil shipments from the world&#8217;s second-largest producer could be disrupted. Russia accounts for about 10% of global oil supply. At 0643 GMT Brent crude futures were up $4.69, or 4.8%, at $102.62, after hitting a high of $105.07 a barrel in early trade. Last [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-471985","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/471985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=471985"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/471985\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=471985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=471985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=471985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}