The EU on Friday said it would provide Egypt with 1 billion euros ($1.07 billion) in short-term financial aid to help stabilise the country’s economy.

Oil cooled some of the previous day’s gains amid a choppy few days of activity as traders continue to watch for a potential attack on Israel by Iran or its proxies.

Oil will need to be closely watched in the coming months to ensure “a sound and sustainable market balance” during an expected surge in demand, OPEC said in its monthly oil market report.

Britain’s economic output grew by 0.1 percent in monthly terms in February and January’s reading was revised higher, pointing to an exit from recession in early 2024, figures from the Office for National Statistics showed on Friday.

Carrying out prohibited transactions and trade with Russia will now be considered a criminal offence, according to a new law

Washington has banned the import of Russian-origin aluminum, copper, and nickel into the US, and coordinated with the UK to crack down on the trade of these metals on global exchanges.