In oil markets, the US Strategic Petroleum Reserve has a reputation a little like the one the Russian armed forces used to have — vast and fearsome, a rival you’d be unwise to tangle with. Russia’s aura of military invincibility was dealt a near-fatal blow over the past month in the muddy fields of Ukraine. The Biden administration should ...

Bloomberg A period of tension between Rinat Akhmetov and Volodymyr Zelenskiy appeared to reach a boiling point just weeks ago, after Ukraine’s leader slammed its billionaire oligarchs for fleeing ahead of an imminent Russian invasion. Now, in the midst of war, Ukraine’s richest person says he’s back in the country and that the two are on the same team, setting ...

Bloomberg Ukraine president Volodymyr Zelenskiy has asked for additional military assistance in an address to Australia’s parliament, saying his country needs help now. Speaking to Australian lawmakers, Zelenskiy thanked the government for its support so far. He said the two countries were “like-minded” but added that “this is only the beginning.” Zelenskiy said if Russia is not stopped now, ”other ...