Oil price jumps after Trump imposes sanctions on two Russian producers

The 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 4.9% to $65.65 a barrel – a two-week high – on the news of the fresh restrictions on Moscow’s two biggest oil companies, Rosneft and Lukoil.All assets in the US belonging to the two fossil fuel firms have been frozen, and American companies and individuals will be barred from doing business with them.The ...