Oil Shock: New Sanctions Trigger Price Surge

Oil prices surge as US sanctions against Russian giants Rosneft and Lukoil trigger supply fears. Brent and West Texas Intermediate jump, marking the biggest weekly rise since June. China and India pause Russian oil purchases, while OPEC considers boosting output. New sanctions from Britain and the EU add pressure as investors eye upcoming talks between Presidents Trump and Xi for wider market implications. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.