EU reaches deal for $60-per-barrel price cap on Russian oil

BRUSSELS (AP) — The European Union reached a deal Friday for a $60-per-barrel price cap on Russian oil, a key step as Western sanctions aim to reorder the global oil market to prevent price spikes and starve President Vladimir Putin of funding for his war in Ukraine.

After a last-minute flurry of negotiations, the EU presidency, held by the Czech Republic, tweeted that “ambassadors have just reached an agreement on price cap for Russian seaborne #oil.” The decision must still be officially approved with a written procedure but is expected to go through.

Europe needed to set the discounted price that other nations will pay by Monday, when an EU embargo on Russian oil shipped by sea and a ban on insurance for those supplies take effect. The price cap, which was led by the Group of Seven wealthy democracies and still needs their approval, aims to prevent a sudden loss of Russian oil to the world that could lead to a new surge in energy prices and further fuel inflation.

https://apnews.com/article/putin-health-covid-prices-european-union-65de1c4934227208bfa68bb7d4c47716?utm_source=homepage&utm_medium=TopNews&utm_campaign=position_01

Planned Parenthood executive director claims children are born 'sexual' - and advocates porn literacy lessons for older students and sex education from KINDERGARTEN

https://www.dailymail.co.uk/news/article-11495051/Planned-Parenthoods-sexual-education-director-claims-children-born-sexual.html

The UK/US diplomatic deal that gives China strategic foothold in Indian Ocean - yet NO ONE is talking about it. Agreement to hand archipelago over to Beijing-friendly Mauritius will land China in backyard of top US military base Diego Garcia

https://www.dailymail.co.uk/news/article-11487265/Lawmakers-issue-warning-future-Diego-Garcia-base-U-K-hands-island-chain-Mauritius.html

Oil industry exec rips Biden's 'willy-nilly' energy policy, warns of another 'major' crisis in next few weeks

"The Strategic Petroleum Reserve, unfortunately, has become the strategic political reserve. And we have grave concerns about how it has been so politicized. This is for emergency purposes, not to lower gasoline prices during a time during a political season," Sommers said Friday on "Mornings with Maria." "But I think doing this willy-nilly and doing it in a way that that doesn't make sense for the market we're in, we could be dealing with another major oil crisis here in the next few weeks."

https://www.foxbusiness.com/energy/oil-industry-exec-rips-bidens-energy-policy-willy-nilly-warns-another-major-crisis-next-few-weeks

Balenciaga parent company CEO, wife Salma Hayek silent on ad controversy involving children, BDSM teddy bears

Actress Salma Hayek and husband François-Henri Pinault have remained silent on the uproar over luxury fashion brand Balenciaga's controversial ad campaigns despite Pinault's position as CEO of the brand's parent company.

https://www.foxnews.com/media/balenciaga-parent-company-ceo-wife-salma-hayek-silent-ad-controversy-involving-children-bdsm-teddy-bears