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Oil producers are grappling with falling prices and high market volatility amid the Russian invasion of Ukraine

Saudi-Russian Discord Clouds OPEC+ Talks

The in-person ministerial meeting of the 13 OPEC members led by Riyadh and their 10 allies headed by Moscow will be the second at the OPEC headquarters in the Austrian capital since March 2020.
Aftermath of a Russian missile attack in Kyiv

Ukraine Says It Downed 36 Russian Missiles And Drones

Ukrainian forces in Kyiv said on Friday they shot down 36 Russian missiles and drones in and around the capital overnight, with two people injured by falling debris before authorities lifted air raid alerts across most of the country.
Press briefing at the White House in Washington

US Imposing Sanctions Against Those Perpetuating Violence In Sudan

The U.S. Treasury Department said in a statement it targeted two companies affiliated with Sudan's army and two companies affiliated with the rival paramilitary Rapid Support Forces (RSF), accusing them of generating revenue from the conflict and contributing to the fighting.
The talks precede a summit in August, which is proving problematic for host South Africa due to the possible attendance of Russia's president

BRICS Ministers Open To Enlargement As Putin Looms Large

Top diplomats from BRICS countries said the group was open to welcome new members, during talks in South Africa on Thursday, as the bloc seeks a larger voice in the international arena. The issue was discussed with Saudi Arabia's top diplomat, Prince Faisal bin Farhan Al Saud, who was in Cape Town, Lavrov said. Foreign ministers from the five-nation grouping of Brazil, Russia, India, China and South Africa called for a "rebalancing" of the global order, as they met in Cape Town.
An unarmed Trident II D5 missile is test-launched from the ballistic missile submarine USS Nebraska

US To Stop Giving Russia Some New START Nuclear Arms Data

The United States said it will stop providing Russia some notifications required under the New START arms control treaty from Thursday, including updates on its missile and launcher locations, to retaliate for Moscow's "ongoing violations" of the accord.
Traders are keenly awaiting the release of key US jobs data later Friday, hoping for a slowdown in hiring that will give the Federal Reserve room to hold off another hike this month

Asian Markets Surge On Fed Rate Hopes

With US default worries out of the way after senators struck a deal to expedite a debt ceiling bill following passage through the House, attention has returned to the central bank's drive to defeat decades-high inflation.
International Atomic Energy Agency (IAEA) Board of Governors meeting in Vienna

Monitoring Equipment Returns To Only Some Iranian Sites -IAEA Reports

The re-installed equipment is a fraction of what the International Atomic Energy Agency had planned to set up to improve its surveillance of Iran's nuclear activities, as the IAEA said it had agreed with Iran in March in a bid to defuse a standoff between both sides over Iran's cooperation. Iran's stock of uranium enriched to up to 60% has continued to grow and is now roughly enough for two nuclear bombs, one of the two confidential quarterly reports to member states showed.

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