NATO Fighter Jets Shoot Down Drone In Lithuanian Airspace

US Oil Premiums Hit Record High As World Scrambles For Crude By Charles Kennedy of Oilprice.com The premiums for U.S. West Texas Intermediate crude have soared in the spot market to a record high of between $30 and $40 per barrel above key regional benchmarks as Asia and Europe scramble for supply amid the de facto closure of the Strait of Hormuz. WTI Midland is being offered for July delivery in north Asia at premiums of between $30 and $40 per barrel, depending on the benchmark against which they are marked, trading...

House Votes To Extend Surveillance Powers Until April 30 The US House of Representatives on Friday passed a bill extending Section 702 of the Foreign Intelligence Surveillance Act (FISA) - which was notoriously abused so spy on the 2016 Trump campaign, and has been used for "backdoor searches" targeting Americans. Friday's vote - via unanimous consent after a longer five-year reauthorization pushed by Republicns failed to advance - extends Section 702 until April 30.  The short-term measure now moves to the Senate, which faces a looming deadline: the current authorization expires April 20....

EU Wants Crisis Powers To Seize Control Of Chip Supplies, Seeks Restrictions On Chinese Imports The EU - which is badly lagging the rest of the world when it comes to AI development - is preparing sweeping emergency powers to intervene in Europe’s semiconductor supply chains during shortages, including by forcing chipmakers to override existing contracts, the FT reported. So much for the sanctity of those "contract-backed" backlogs...  The draft law also enables common purchasing to boost the bloc’s negotiating power, and would mark a clear expansion of the EU’s powers to...