
The U.S. Federal Reserve and the European Central Bank head into this week’s policy meetings in a far more uncertain environment than they faced just two weeks ago. The Fed meets on March 17-18, and the ECB on March 18-19, just after the Middle East war pushed oil prices above US$100 a barrel and forced markets to rethink the expected path of interest rates. Even so, neither institution is expected to change borrowing costs at these meetings.

The 98th Academy Awards crowned One Battle after Another as the night’s dominant winner, taking six Oscars including best picture, best director, best adapted screenplay, best supporting actor for Sean Penn, best film editing and the new award for casting. The ceremony was held Sunday in Los Angeles with Conan O’Brien as host.

Ali Moshiri, Chevron’s former top executive for Venezuela and a longtime Washington interlocutor on energy matters, warned the CIA before Nicolás Maduro’s ouster that a direct handover of power to the opposition led by María Corina Machado could produce an unstable transition because she lacked control over the security apparatus and the state’s real power centers, according to a report published on Sunday. In that assessment, Moshiri recommended that the United States back Delcy Rodríguez as the more viable figure to manage the immediate succession.

The U.S. government has filed a new memorandum before the Second Circuit Court of Appeals in New York backing Argentina’s request to suspend post-judgment discovery in the YPF expropriation case. Argentina’s Treasury Solicitor’s Office said the filing supports the emergency motion submitted on March 6 seeking to pause document production, a sanctions request and an evidentiary hearing scheduled for April.

Cuban President Miguel Díaz-Canel said on Friday that his government has recently held talks with U.S. officials, the first public acknowledgment of such bilateral contacts in more than a decade, as the island faces a severe fuel and electricity crisis. He said the exchanges were aimed at seeking solutions to bilateral differences and exploring areas of cooperation based on equality, sovereignty and mutual respect.

Suspected Uruguayan drug trafficker Sebastián Marset was captured on Friday in Santa Cruz de la Sierra, Bolivia, in an operation that ends one of the Southern Cone’s longest and most visible manhunts. Paraguayan authorities confirmed the arrest and said Marset had been secured after a raid carried out by Bolivian forces.

Iran is shifting a key part of the war to the sea, where its conventional naval power is far weaker than that of the United States but where it still retains enough tools to disrupt global energy traffic. In the Strait of Hormuz, a corridor that carries roughly a fifth of the world’s oil, attacks on merchant shipping, the threat of mines and the use of fast boats and coastal missiles have raised the cost and complexity of any escort operation.

The United States has temporarily authorized the sale of Russian oil and petroleum products already loaded on tankers, in a limited easing of sanctions adopted as global energy prices rise because of the Middle East war. The measure was announced by the Treasury Department and will remain in force until April 11.

NASA said on Thursday that Artemis II had passed its flight readiness review and received the go-ahead to proceed toward a launch attempt on April 1, in what would be the first crewed mission around the Moon since the Apollo era. The agency said the Space Launch System rocket and Orion spacecraft are set to roll out to pad 39B on March 19 once remaining closeout work is finished.

The war involving Iran, Israel and the United States entered a broader regional phase on Thursday, with fresh Iranian attacks on energy infrastructure, shipping routes and military positions across Gulf states, while Israel responded with a new wave of strikes on Iranian territory. The escalation again tightened pressure on the Strait of Hormuz and pushed oil prices back above $100 a barrel.