The new reality has forced the Kremlin to raise taxes and increase debt, and hovers over peace talks with Ukraine.

Crude oil posted the largest weekly gains since October, as the buildup of US forces near Iran raised concerns that military strikes could occur, potentially disrupting global crude supply.

Oil futures slipped amid signs of willingness on the part of the U.S. and Iran to hold talks. For the week, futures posted their sharpest gains since October.

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