Oil Jumps as Trump Steps Up Pressure on Russia With Sanctions

Oil soared after the US announced sanctions on Russia’s biggest oil companies, threatening supplies from one of the world’s top producing countries. Brent jumped more than 5% to trade near $66 a barrel, heading for the biggest one-day gain since the start of the Israel-Iran conflict on June 13. The US blacklisted Russian oil giants Rosneft PJSC and Lukoil PJSC, sparking concern that key buyer India will walk away from dealings with Moscow. Most Read from Bloomberg The step comes at a time when global su ...