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Oil Heading for Weekly Gain as Markets Assess Potential Russia Sanctions and Trump Tariffs
RUSSIA, JUL 11 – Donald Trump plans to endorse stricter sanctions on Russia amid ongoing geopolitical tensions with Putin's government, signaling a shift in U.S. policy toward Moscow.
- On Friday, US President Donald Trump announced a 'major' Russia statement planned for Monday, backing tougher sanctions on Putin's government amid rising oil prices.
- Growing criticism over Putin’s Ukraine conflict and trade tensions prompted Trump to plan a 'major' Russia statement, amid escalating geopolitical tensions and market concerns.
- Market observers cited Brent crude’s 0.28% rise to $68.83 amid sanctions speculation, with ING analysts noting that 'leave the market nervous' about potential US-Russia tensions.
- Market participants see WTI crude dip to $66.10 amid potential sanctions and US tariff threats, fueling investor volatility.
- Starting August 1, new Russian oil levies will add to duties, intensifying energy market tensions and affecting global supply dynamics.
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18 Articles
18 Articles
Donald Trump likely to make ‘major’ Russia statement as he backs tougher sanctions on Putin's govt
President Donald Trump said he plans to make a “major statement” on Russia, as the US prepares to send a volley of new American weapons to Ukraine via purchases from NATO allies.
·New Delhi, India
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Coverage Details
Total News Sources18
Leaning Left2Leaning Right1Center3Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 33%
C 50%
R 17%
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