Oil rallies after Trump puts sanctions on Russia's biggest producers
Bloomberg Televisionยท2025-10-23 20:26
The US is tightening the screws on Russia, squarely at the heart of Russia's energy machine. It's part of a coordinated Western push to choke Moscow's war chest. And it comes as the European Union ratchets up pressure, too.Oil prices jumped after Washington announced new sanctions on Russia's biggest producers. A dramatic shift for President Donald Trump, who just last week was talking about meeting Vladimir Putin face to face. Until now, US strategy has focused on the G7 oil price cap, a way to drain the K ...