DAILY GEOPOLITICAL INSIGHTS: The Geopolitical News Roundup & Analysis for Friday 4th August 2023

DAILY GEOPOLITICAL INSIGHTS: The Geopolitical News Roundup & Analysis for Friday 4th August 2023

Geopolitical Insights By: Iain Fraser – Associate Publisher GEO´
Geopolitical Intelligence Network
GEOPoliticalMatters.com/Insights
Google Indexed on 040823 at 09:50 CET
4th August 2023

GEOPOLITICAL INSIGHTS: Good Morning from the GEO´ Newsroom in Gibraltar. Geopolitical Insights for Friday, 4th August 2023 including Ukraine continues with mainland asset attacks, Two US Sailors arrested for on Spying charges & Oil Price remains firm …Read Full Story & Analysis | This is a fluid news story – follow updates via @GEO_IntelDesk on Twitter using Hashtag #GEOInsights

UKRAINE DRONE ATTACKS…
Ukraine has continued to take the fight to Russia and keep the pressure on President Vladimir Putin with another barrage of Drone attacks inside Russia with reports received overnight of loud explosions near the Russian port of Novorossiysk on the Black Sea, a major hub for Russian exports. Of course the Russian military have stated that they “repelled” the attacks- Whether this is sound military strategy or phycological battle designed to destabilise Putin´s position … Read Full Story & Analysis | This is a fluid news story – follow updates via @GEO_IntelDesk on Twitter using Hashtag #SeaDrones

US ARRESTS SAILORS OVER CHINA ESPIONAGE …
Two members of the US Navy have been arrested for “passing” sensitive plans and technology prejudicial to US National Security with China. The two who have been named as Petty Officer Wenheng Zhao who has been charged with conspiracy and bribetaking and U.S. Navy sailor, Jinchao Wei charged with conspiring to send national defense information to China in exchange for thousands of dollars …Read Full Story & Analysis | This is a fluid news story – follow updates via @GEO_IntelDesk on Twitter using Hashtag #USNavy

OIL PRICE CONTINUES TO STRENGTHEN …
Oil prices have risen for the second day running this morning [4th August 2023] after Global producers Saudi-Arabia and Russia undertake to cut output prior to the next OPEC+ meeting with the cartel not expected to change overall oil output policy. The price of Texas Intermediate crude for September rose 9 cents equivalent to 0.1%, to $81.64 with Brent crude futures for October rose 2 cents to $85.16 a barrel. Both benchmarks were on track for a sixth week of gains, their longest streak of weekly gains this year … Read Full Story & Analysis | This is a fluid news story – follow updates via @GEO_IntelDesk on Twitter using Hashtag #OilPrice