Oil Prices Jump: US Sanctions Hit Russia
Update: 2025-10-23
Description
Oil prices surge after the US slaps sanctions on Russian oil giants Rosneft and Lukoil, a move aimed at pressuring Putin over the Ukraine war. This sudden shift in Trump's stance, coupled with potential EU sanctions and pressure on China and India to curb Russian oil imports, throws global markets into turmoil as the world watches how Russia will respond.
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