The Biden administration’s push to form an international buyers’ cartel to cap the price of Russian oil is facing resistance from maritime insurers that it cannot be reliably enforced.

Russia appears to have found a new means of getting its oil to market with western sanctions looming for Moscow, via Egypt’s El Hamra oil terminal.

Russia’s invasion of Ukraine has supercharged the price of so-called clean ocean-going tankers, with soaring freight rates prompting companies to rush to purchase rather than rent vessels.

Russia attacked Odesa’s sea port with cruise missiles hours after signing a deal to unblock Ukrainian grain exports from three Black Sea ports, including Odesa, that was hailed as a vital step toward alleviating a global food crisis.

A global squeeze on energy supply that’s triggered crippling shortages and sent power and fuel prices surging may get worse, according to the head of the International Energy Agency.

As of mid-December, 61.4% of Americans were fully vaccinated against COVID-19 — a rate that disease experts say is inadequate to eradicate the virus. But it’s far better than the shockingly low numbers of some developing countries, where vaccination rates are still in the single digits.