Oil price jumps after Trump imposes sanctions on two Russian producers
The Guardian – World —
Assets in US belonging to Rosneft and Lukoil frozen, and American firms barred from doing business with themBusiness live – latest updatesThe oil price has jumped after Donald Trump announced new sanctions on Russia’s biggest producers, as the US president ramps up pressure on Vladimir Putin to end the war in Ukraine.Brent crude increased by 3.5% to $64.53 a barrel on the back of the fresh restrictions on Moscow’s two biggest oil companies, Rosneft and Lukoil. Continue reading...