**__ Diplomatt’s Daily Digest – March 8, 2022__**
Good morning and happy Tuesday, everyone! Stock futures rose slightly Tuesday morning following the S&P 500′s worst day since October, as investors remained on edge about surging oil prices and slowing economic growth amid Russia’s invasion of Ukraine. The overnight action came after a steep sell-off on Wall Street, where the S&P 500 dropped nearly 3% for its biggest one-day decline in more than a year. Oil prices spiked to start the week, with U.S. crude hitting a 13-year high of $130. Investors continued to monitor developments of escalated geopolitical tensions. Ukraine said Moscow is seeking to manipulate its cease-fire arrangement by only allowing Ukrainian civilians to evacuate to Russia and Belarus. Secretary of State Antony Blinken said Sunday that the U.S. and its allies are eyeing a ban on Russian oil and natural gas imports for its actions against Ukraine.
Quote of the week: “We will not learn how to live together in peace by killing each other’s children.” -Jimmy Carter.
• Russian President Vladimir Putin’s brutal campaign to deter Ukrainian admission to NATO has inadvertently boosted the military alliance’s popularity among other prospective member states.
• Russia has threatened to close a major gas pipeline to Germany and warned of $300 oil prices if the West goes ahead with a ban on its energy exports.
• Oil major Shell apologized for buying a heavily discounted consignment of Russian oil and announced it was withdrawing from its involvement in all Russian hydrocarbons.
• The London Metal Exchange suspended nickel trading on Tuesday after prices more than doubled to surpass $100,000 per metric ton.
• JetBlue founder’s startup, Breeze Airways, said it plans nearly double its network to 77 routes this spring and summer, a massive expansion for the U.S. startup that began flights last May.
• Sales of Lego building kits continued to soar in 2021. Its annual revenue jumped 27%, reaching about $8.06 billion, up from around $6.36 billion in 2020.
• Apple is holding its first launch event of the year, where it is expected to announce a new iPhone, an iPad, and possibly some fresh Macs.
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