Downstream
Trump announces deal for Russian diesel as Zelensky criticises 'gift to Putin'
Trump announces deal for Russian diesel as Zelensky criticises'gift to Putin' US President Donald Trump says he has reached an agreement with Russian President Vladimir Putin allowing Moscow to immediately release diesel into the global market. He said Putin had agreed to release 300,000 tonnes of diesel immediately, followed by 500,000 tonnes in November and another million after that. Diesel Prices for Americans and, indeed, the World, will be COMING DOWN, IN RECORD NUMBERS, AND FAST! Trump wrote on Truth social. An envoy to Putin welcomed the deal, but Ukraine's president said any easing of sanctions on Russia played into Moscow's hands and would prolong a war that must be ended. Diesel prices in the US have doubled since the war with Iran began in February, putting pressure on Republicans ahead of the midterm elections over the rising cost of living.
Ukraine launches major drone attack on Russia's Moscow region, killing two
Is the war entering a new phase? Ukraine launches major drone attack on Russia's Moscow region, killing two Share Ukraine launches major drone attack on Russia's Moscow region, killing two on social media Ukraine has launched a major drone attack on Moscow, killing two people and setting fire to a warehouse in the capital city, Russian officials say. Moscow Mayor Sergei Sobyanin said on Tuesday that the overnight assault involved 650 drones heading towards the city, most of which were shot down, as both sides intensify long-range strikes on infrastructure before winter. He said seven people had been injured and that 47 houses, four apartments and three cars had been damaged. He said 185 drones were "destroyed or neutralised" over the wider region.
UK in talks with EU partners to release strategic fuel reserves if needed, BBC understands
Britain is in talks with EU partners to release additional strategic fuel reserves, including diesel, if needed, the BBC understands. The talks come after President Donald Trump threatened to ban diesel exports from the US in a bid to reduce record prices at the pumps for Americans. Diesel prices in the UK also hit record highs this week and are hovering just under 200p per litre, according to motoring organisation the RAC. The US is a vital supplier of diesel to the world, exporting between 1.2 and 1.5 million barrels per day, with experts warning a ban on shipments abroad could put further pressure on prices in other countries. We're thinking about it very seriously, Trump said of an export ban at the weekend.
Trump Rolls Back Fuel Economy Standards. Will Cars Really Get Cheaper?
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Interest rates hold expected but Bank of England facing tough choices
Policymakers at the Bank of England are expected to keep interest rates unchanged despite price rises accelerating due to the prolonged conflict in the Middle East. The nine-member Monetary Policy Committee (MPC) has been meeting amid a backdrop of increasing global energy prices and interest rate rises around the world. Economists expect the MPC to hold the benchmark Bank rate at 3.75% for a sixth consecutive meeting but analysts are more divided on whether the rate will need to go up before the end of the year. The Bank rate is crucial in setting the benchmark for banks and other lenders in setting interest for individuals and businesses borrowing and saving money. The latest interest rate decision will be announced by the Bank at 12:00 BST on Thursday.
Petrol and diesel price rises push UK inflation higher
Rises in petrol, diesel and airfares pushed UK inflation up to its highest level in five months in the year to August. Inflation accelerated to 3.1% from 2.9%, according to the Office for National Statistics (ONS). The cost of filling up a vehicle soared in August as the conflict in the Middle East continued to disrupt global oil supplies. Petrol prices jumped to their highest for nearly four years, the ONS said, while diesel also rocketed. Meanwhile, the cost of flying jumped during the key month for summer getaways.
'Attacks will be fully autonomous': Russia, Ukraine race towards AI warfare
Is the war entering a new phase? 'Attacks will be fully autonomous': Russia, Ukraine race towards AI warfare Share'Attacks will be fully autonomous': Russia, Ukraine race towards AI warfare on social media Tetiana Bubynets collapsed on the asphalt after a Russian drone exploded at a gas station in the southern Ukrainian city of Zaporizhzhia. Despite the violent shockwave and blast of drone shrapnel produced by the attack on July 6, the 18-year-old accounting student had no visible wounds except for a nosebleed. One of her lecturers, Tetiana Melikhova of Zaporizhzhia National University, said Bubynets was an only child and that her mother "lost the meaning of life" after she died. At the funeral, she just lay on the coffin; she couldn't let her child go," Melikhova told Al Jazeera. The strike that killed Bubynets was the first recorded case of Russia's use of a fully autonomous attack drone powered by artificial intelligence (AI), according to a New York Times analysis .
As Ukraine hits Russia's refineries, Russia targets Ukraine's petrol pumps
As Ukraine hits Russia's refineries, Russia targets Ukraine's petrol pumps Fill up quickly and move on, Mayor Ihor Terekhov warns drivers in Ukraine's second largest city Kharkiv. Two petrol stations in the city in Ukraine's north-east were hit by Russian drones on Monday, which local officials say wounded two people. In another attack on a petrol station outside the city of Kryvyi Rih last week, three people were killed. Russia's campaign of targeting civilian filling stations with drones and missiles began in earnest in April, primarily in regions on the front line, and the attacks are steadily growing more frequent. At the same time, Russia has endured two waves of severe fuel shortages across the country as a result of Ukrainian drone strikes on Russian oil refineries.
The Papers: UK-made drones 'strike Russia' and 'phone theft Britain'
Image caption, The Sunday Times says British drones strike targets inside Russia, reporting that drones made by two UK companies have been supplied to Ukraine and used to attack the Russian mainland for the first time. Citing Ukrainian sources, it explains that Kyiv's deep-strike campaign involves targeting oil refineries, naval bases, logistics hubs and transport networks inside Russia. Image caption, The Sunday Telegraph leads with new plans backed by the government which could see water companies given the green light to increase bills at times of high demand. It explains that firms could impose surge pricing and factor water scarcity into bills, meaning they could charge more in droughts. A government spokesperson tells the paper that the new system could cut bills for more consumers, while it quotes water campaigners warning that it could see suppliers penalising consumers for their own failures.