Zelenskyy's Peace Proposal, US Sanctions, and Oil Market Impact
Update: 2025-11-21
Description
Ukrainian President Zelenskyy contemplates peace proposal amidst new US sanctions on Russian oil giants Rosneft and Lukoil. Trumps peace plan sparks oil market discussions, with Brent crude futures below $63 per barrel due to potential increased Russian oil supply. US Treasury Secretary imposes new sanctions on Irans oil exports, targeting companies in India and UAE. Indias Jamnagar refinery stops importing Russian oil for export, but continues processing for domestic market. Seattles Tacoma airport faces fuel delivery halt due to pipeline leak, highlighting supply chain fragility. Curacao seeks US approval to reopen Isla refinery and resume dealings with Venezuelas PDVSA.
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