Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Araghchi: If Europeans want to play a role, they must act responsibly and abandon the outdated policy of threats and pressure
Araghchi: It was America that withdrew from the negotiating table in June this year and chose the military option, not Iran
Araghchi: It was America that withdrew from the [nuclear] agreement, which was reached over two years ago with the coordination of the European Union in 2015, not Iran
Iranian Foreign Minister: No new round of negotiations will be possible unless the other side is ready for a fair, balanced, and mutually beneficial nuclear agreement
Russian Foreign Ministry: Moscow warns Japan as Tokyo deliberately escalates rhetoric over imaginary Russian threats, cautioning such a line carries risks
Russian Foreign Ministry: Russia will respond if new threats are identified in Japan's missile defense approach
Israeli media: An exceptional incident occured in Jabalia, north of the Gaza Strip
Local sources: The Israeli force, which crossed into southern rural Damascus, has reached the town of Qatana, located just 10 kilometers from the Syrian capital
Local sources: An Israeli ground unit, comprising more than 15 military and armored vehicles, carried out an incursion into southern rural Damascus from the occupied Syrian Golan
Belgian court orders regional government to stop military exports to Israel, Belga reports

Oil prices jump after recognition of Lugansk and Donetsk

  • By Al Mayadeen Net
  • Source: Agencies
  • 22 Feb 2022 09:29
2 Min Read

As Russia recognizes the two eastern states, oil prices witness the immediate effects.

  • x
  • Pumpjacks at the Daqing oil field in Heilongjiang province, China December 7, 2018 | Reuters
    Pumpjacks at the Daqing oil field in Heilongjiang province, China December 7, 2018. (Reuters)

After Russia's recognition of the republics of Donetsk and Lugansk in eastern Ukraine yesterday, oil prices jumped more than $2 on Tuesday, hitting a new record in seven years. 

US and European officials condemned the Russian move, but a US official said that the Russian military action did not yet constitute an "invasion that could lead to the imposition of wide-ranging sanctions."

Brent crude futures rose $2.10, or 2.2 percent, to $97.49 a barrel, after increasing by 2 percent yesterday.  Meanwhile, contracts increased earlier today to $97.66, which constitutes the highest level since September 2014.

Related News

Lugansk '100% liberated', under Russia's full control: Pasechnik

Izvestia journalist Alexander Fedortchak killed by Ukrainian shelling

The recognition 

Tensions are soaring between Russia and Ukraine over the Donbass region and Moscow's latest statements about intending to sign a decree recognizing the independence of the Lugansk People's Republic (LPR) and the Donetsk People's Republic (DPR). 

Russia sees that Ukraine is violating the Minsk agreements by not holding dialogue with the leaders of the two self-proclaimed republics and launching offensives against them. Moscow had several times urged Kiev to comply with the accord it signed in 2014.

In light of the latest rounds of tensions that followed Russian President Vladimir Putin's declaration that Moscow intended to recognize the independence of the DPR and LPR, Vladimir Putin addressed Russia in a televised speech.

The Russian leader began his speech by highlighting to Ukraine and the world that "Ukraine for Russia is not just a neighboring country, but part of its history; our comrades and relatives."

Putin reflected on the history and formation of Ukraine, recalling the times of the Soviet Union, saying, "Historically, Stalin annexed parts of Poland and Romania to Ukraine, as well as Crimea. The Ukrainian state was created by communist Russia by rejecting part of Russia's historical territories. No one asked the people anything."

  • Lugansk
  • Donetsk
  • Russia
  • Brent crude oil

Most Read

An Israeli soldier abandons an excavator during an ambush by al-Qassam Brigades. Arabic text reads "The moment the soldier fled", July, 10, 2025 (Al Qassam Military Media)

Israeli media rue al-Qassam footage, alarmed by fighters among troops

  • Politics
  • 11 Jul 2025
This satellite image from Planet Labs PBC shows damage after an Iranian attack at the al Udeid Airbase outside of Doha, Qatar, June 25, 2025 (Planet Labs PBC via AP)

Satellite images show Iran attack damaged US comms dome in Qatari base

  • Politics
  • 11 Jul 2025
Algerian nurse stabbed in Germany

Murder of Algerian nurse in Germany sparks outcry, demands for justice

  • Europe
  • 14 Jul 2025
Credible reports, including some from Israeli media itself, indicate that Tel Aviv had pinned its hopes on what can only be described as a delusional plan. (Al Mayadeen English; Illustrated by Batoul Chamas)

Jebraily: Iran strikes rewrote regional deterrence rules - Exclusive

  • MENA
  • 15 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
George Abdallah: Europe's longest-held political prisoner to be freed
Politics

George Abdallah: Europe's longest-held political prisoner to be freed

A still from the video released by al-Qassam Brigades, which reads, "Captivity is better than death", on July 17, 2025 (Al-Qassam Brigades Military Media)
Politics

Al-Qassam releases video warning Israelis: Captivity better than death

Georges Abdallah attends his trial in Lyon on July 3, 1986 (Social Media)
Politics

'A symbol for every prisoner': Hezbollah hails Georges Abdallah

Plume of smoke rise following an Israeli airstrike on the southern Lebanese town of Qabrikha, July 17, 2025 (Social media)
Politics

'Israel' kills mother, father, injures 10-year-old daughter in Lebanon

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS