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HomeDaily NewsThursday, February 19, 2026Oil Spills at US Bases in S. Korea; Russia Accuses US on Energy; Toy Tariffs Contested - February 2026
Business & Economy3 stories from 1 sources

Oil Spills at US Bases in S. Korea; Russia Accuses US on Energy; Toy Tariffs Contested - February 2026

Two significant oil spills involving substantial leaks of jet fuel recently occurred at U.S. military bases in South Korea, prompting investigations and containment efforts. In geopolitics, Russian Foreign Minister Sergey Lavrov accused the United States of attempting to exclude Russia from global energy markets. Lavrov highlighted sanctions against Russian oil companies and demands for other nations to cease purchasing Russian oil as evidence. In the U.S., the toy industry remains wary due to lingering uncertainty over trade policy and tariffs. Many firms are anxiously awaiting a Supreme Court decision that could impact their profits.

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Thursday 5:01 PMCapital Business

Large-scale oil spills reported at U.S. military bases in S. Korea

Large-scale oil spills reported at U.S. military bases in S. Korea

Two significant oil spills recently occurred at U.S. military bases in South Korea, with details reported by Yonhap news agency. The incidents involved substantial leaks of jet fuel, prompting investigations and containment efforts.

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Key Highlights

Two significant oil spills recently occurred at U.S. military bases in South Korea, with details reported by Yonhap news agency. The incidents involved substantial leaks of jet fuel, prompting investigations and containment efforts.

  • Approximately 11,000 gallons (41,600 liters) of fighter jet fuel leaked from a tank at a U.S. Air Force base in Gunsan.
  • The 8th fighter wing of the U.S. Air Force stated measures were taken to contain and remediate pollutants, assuring no immediate risk to residents.
  • An unknown volume of fuel also leaked on February 5 at another U.S. Air Force base in Osan.
Thursday 11:31 AMCapital BusinessFirst

‘We’re still on edge’: Toy firms look to US Supreme Court as tariffs hit profits

‘We’re still on edge’: Toy firms look to US Supreme Court as tariffs hit profits

The US toy industry remains wary due to lingering uncertainty over trade policy and tariffs, despite some stabilization, with many firms anxiously awaiting a Supreme Court decision that could impact their profits.

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Key Highlights

The US toy industry remains wary due to lingering uncertainty over trade policy and tariffs, despite some stabilization, with many firms anxiously awaiting a Supreme Court decision that could impact their profits.

  • Rick Woldenberg, Chief Executive of Learning Resources, challenged Donald Trump's global tariffs in court.
  • Tariffs on Chinese goods at one point reached 145%, now averaging around 20%.
  • Companies like Basic Fun and Glo Pals increased prices on products such as the Tonka plastic toy truck, which went from $30 to approximately $35, and Glo Pals' light-up cubes, which increased by roughly 20% to $12.99.
Thursday 1:02 PMCapital Business

U.S. trying to push Russia out of the global energy market: Russian FM

U.S. trying to push Russia out of the global energy market: Russian FM

Russian Foreign Minister Sergey Lavrov accused the United States of attempting to exclude Russia from global energy markets, despite rhetoric about mutually beneficial cooperation. Lavrov highlighted sanctions against Russian oil companies and demands for other nations to cease purchasing Russian oil.

Read Story

Key Highlights

Russian Foreign Minister Sergey Lavrov accused the United States of attempting to exclude Russia from global energy markets, despite rhetoric about mutually beneficial cooperation. Lavrov highlighted sanctions against Russian oil companies and demands for other nations to cease purchasing Russian oil.

  • The Trump administration announced sanctions against Lukoil and Rosneft.
  • Russian Foreign Minister Sergey Lavrov made the statement in an interview with the Al Arabiya TV channel.
  • The United States reportedly demanded India stop buying Russian oil.
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