Oil jumps more than 3% on concern over more sanctions on Russia and Iran
Oil prices surged on Friday and were on track for a third straight week of gains as traders focused on potential supply disruptions from more sanctions on Russia and Iran. Brent crude futures gained $2.
Oil Prices Skyrocket 4.5% as U.S. Targets Russian Tankers
Oil prices hit a three-month high due to new US sanctions targeting Russian oil tankers and maritime insurance providers, amidst dwindling US crude stockpiles and cold weather.
Oil prices rally as fresh U.S. sanctions on Russia threaten global supplies
Oil futures ended sharply higher on Friday, as fresh U.S. sanctions on Russia’s oil sector looked to threaten global supplies and as winter storms in the U.S. were expected to boost demand for heating fuels.
Oil prices rally 3% as US hits Russian oil with tougher sanctions
Oil prices rallied nearly 3% to their highest in three months on Friday as traders braced for supply disruptions from the broadest U.S. sanctions package targeting Russian oil and gas revenue. President Joe Biden's administration imposed fresh sanctions targeting Russian oil producers,
Oil jumps more than 4%, Brent breaks $80 as traders worry about tougher Russia sanctions
Oil prices jumped more than 4% on Friday, with global benchmark Brent breaking $80 per barrel for the first time since October on fears that tougher U.S. sanctions on Russia will disrupt crude supplies.
Oil prices jump 4% on cold weather, supply concerns
Oil futures rose sharply early Friday, trading at their highest since October with support tied to cold weather in the U.S. and supply concerns.
Oil Jumps on U.S. Sanctions Prospects
Oil prices jump nearly 4% in afternoon trade, with Brent crude breaking above $80 a barrel on prospects of fresh U.S. sanctions against Russia. The international oil benchmark is currently up 3.8% to $79.
Crude Finishes Sharply Higher as the US Expands Sanctions on Russian Oil
Friday closed up +2.65 (+3.58%), and February RBOB gasoline (RBG25) closed up +0.0466 (+2.30%). Crude and gasoline prices Friday settled sharply higher, with crude posting a 3-month high and gasoline posting a 2-3/4 month high.
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Biden administration sanctions Russia’s oil giants and tanker fleet
The White House, now unconcerned about the effect on gas prices and inflation, blacklisted two of Russia’s biggest oil ...
Iran Was ‘Defeated Very Badly’ in Syria, a Top General Admits
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The Rise of Eurasia and the Russia–China–Iran–North Korea Axis
Like any newly elected American President, Donald Trump must all too soon address international affairs that have been much ...
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US imposes sanctions on Iranian, Russian entities for trying to influence US election
The Moscow-based CGE also manipulated a video it used to produce baseless accusations concerning a 2024 vice presidential ...
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Iran In 'Critical Situation' After Punishing Year At Home And Abroad
Last year was one to forget for Iran as the country’s clerical establishment suffered a series of setbacks at home and abroad. Analysts say without major shifts in policy, the new year will only ...