Global crude benchmark Brent fell as much as 5.2% to $98.12 a barrel, while West Texas Intermediate was near $92.
While Russia has claimed its GDP expanded by about 13% between 2020 and 2024, Sweden’s analysis of nighttime luminosity shows the economy actually shrank by 8% during that span.
Alaska has seen a resurgence of oil industry interest — and investment — driven by discoveries suggesting the state’s crude potential is far greater than previously expected.
“Both sides must take their time and get it right. There can be no mistakes!” Trump said.
In addition to rocket companies that launch payloads into orbit, others in the sector develop satellites and vehicles or provide space-based services like communications or imagery.
Price of oil falls on hopes of an agreement that could reopen the Strait of Hormuz