{"id":495205,"date":"2022-06-01T07:56:54","date_gmt":"2022-06-01T02:26:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=495205"},"modified":"2022-06-01T08:29:33","modified_gmt":"2022-06-01T02:59:33","slug":"brent-tops-124-as-european-union-to-ban-90-of-russia-oil-by-year-end","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/brent-tops-124-as-european-union-to-ban-90-of-russia-oil-by-year-end\/","title":{"rendered":"Brent tops $124 as European Union to ban 90% of Russia oil by year-end"},"content":{"rendered":"<p>European Union leaders handed Hungary concessions to agree an oil embargo on Russia over its invasion of Ukraine, sealing a deal in the early hours of Tuesday that aims to cut 90% of Russia&#8217;s crude imports into the bloc by the end of the year.<\/p>\n<p>As a result, oil prices extended a bull run as they touched $124.64 on Tuesday \u2014 its highest since March 9.<\/p>\n<p>The deal excludes from the embargo shipments by pipeline, which Hungary relies on for Russian oil. It aims to reduce Moscow&#8217;s income to finance the war it launched more than three months ago in Ukraine, with some of the toughest EU sanctions yet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European Union leaders handed Hungary concessions to agree an oil embargo on Russia over its invasion of Ukraine, sealing a deal in the early hours of Tuesday that aims to cut 90% of Russia&#8217;s crude imports into the bloc by the end of the year. As a result, oil prices extended a bull run as they touched $124.64 on Tuesday \u2014 its highest since March 9. The deal excludes from the embargo shipments by pipeline, which Hungary relies on for Russian oil. It aims to reduce Moscow&#8217;s income to finance the war it launched more than three months ago in [&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-495205","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\/495205","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=495205"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/495205\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=495205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=495205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=495205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}