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Morning Brief: After EU Bans Russian Oil Imports, Prices Soar, And More


In order to reprimand Russia for the war in Ukraine, European Union (EU) leaders finally decided to cut off 90% of Moscow’s oil imports. Less than a week after the Texas school shooting that rocked America, Canadian Prime Minister Justin Trudeau announced a proposed freeze on handgun ownership.

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After EU bans Russian oil imports, prices jump as Asian trade begins

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The ban will be enforced by the end of the year. But the move appears to have triggered a price spike in the commodity. The price of oil saw a rise in early Asian trade on Tuesday, media reported.

Canada: In the week following the shooting in Texas, Justin Trudeau proposes a freeze on handguns

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Trudeau’s bill will have to be passed by Parliament. The ruling Liberals currently hold a minority of seats.

Hurricane Agatha: The first hurricane of the Pacific season makes landfall in Mexico

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Bringing torrential rains and the threat of flooding as the first named storm in the eastern Pacific this year, Hurricane Agatha slammed into resort towns on Mexico’s southern Pacific coast.

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