Oil Price Jumps on Trump’s Russia Sanctions

October 23, 2025

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1 min read

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The New York Times

Traders are pondering whether the United States and its allies are finally getting serious about restricting Russian energy.

Oil prices rose sharply on Thursday after President Trump announced sanctions on Russia’s two largest oil companies as his frustration with President Vladimir V. Putin over the war in Ukraine mounted. Brent crude, the international benchmark, rose ab... [3888 chars]

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Source: The New York Times

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