The U.S. Navy Is Reviving A Top Secret Surveillance Network

The U.S. Navy Is Reviving A Top Secret Surveillance Network | OilPrice.com

Politics, Geopolitics & Conflict

Poland’s state-run refiner is using strategic reserves to artificially keep diesel prices low. It’s selling diesel that it has imported at prices below what it paid, forcing private refiners to stop selling to avoid selling at a loss. The hefty subsidizing has pushed prices down between 8% and 12% while global prices rise and comes just before the October elections. Lower prices at the pump will aid the Law and Justice party that is currently in power.

In response to rising threats from China over Taiwan, the U.S. Navy is reviving a top-secret undersea surveillance network dating back to the 1950s. The multi-billion-dollar project will modernize a network of underwater acoustic spy cables and outfit surveillance ships with the latest technology.

Renewed armed conflict earlier this week between ethnic Armenians and Azerbaijanis in Nagorno-Karabakh led to a truce deal on Wednesday, though ethnic Armenians have demanded security guarantees before handing over their weapons. On Wednesday, Azerbaijan declared it had retaken the region.

In Ukraine, a new wave of Russian strikes has targeted the country’s national power grid, cutting power in five regions in a campaign reminiscent of those in the winter of 2022. The strikes come as Zelensky meets with U.S. lawmakers in Washington to drum up more support.

Market Movers

Gazprom will perform routine preventative maintenance on the Power of Siberia…