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Analysis - Cyberattack exposes lack of required defenses on U.S. pipelines By Timothy Gardner Reuters WASHINGTON (Reuters) - The shutdown of the biggest U.S. fuel pipeline by a ransomware attack highlights a systemic vulnerability: Pipeline operators have no requirement to implement cyber defenses. The U.S. government has had robust, compulsory cybersecurity protocols for most of the power grid for about 10 years to prevent debilitating hacks by criminals or state actors. But the country's 2.7 million miles (4.3 million km) of oil, natural gas and hazardous liquid pipelines have only volu...

Biden’s softer stance on international sanctions unlikely to trigger big waves in oil markets President-elect Joe Biden could take a more lenient approach to heavily sanctioned nations such as Iran and Venezuela, but the timing and impacted volumes of crude are unlikely to have big impacts on the oil markets that will remain dominated by the ongoing coronavirus pandemic. Outgoing President Donald Trump took a hard-line stance on sanctions, undoing the US-Iran nuclear accord and adding new sanctions to the already economically unraveling Venezuela, while recognizing an opposition administrat...

TristanAbbey Tristan Abbey is President of Comarus Analytics LLC. He previously served at the National Security Council and the Senate Committee on Energy and Natural Resources. Follow him on Twitter @TristanAbbey.