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Trump Links Sanctions On Russia To NATO Unity, Calls Out Hungary And Slovakia Over Oil Purchases - United States Oil Fund (ARCA:USO), SPDR S&P Oil & Gas Explor & Product (ARCA:XOP)
Benzingaยท 2025-09-14 03:39
Group 1 - President Trump is prepared to impose major sanctions on Russia, contingent upon unified action from NATO countries and a halt to Russian oil purchases [1][2] - Trump's strategy emphasizes the need for a coordinated NATO response to effectively apply economic pressure on Russia, criticizing NATO's commitment [2][4] - Treasury Secretary Scott Bessent supports the strategy, highlighting the importance of cutting off revenue sources for Putin's war efforts [3] Group 2 - Trump has previously hesitated to impose sanctions, seeking a peace deal, but recent talks with Putin did not yield concrete results [4] - Ukrainian President Zelenskyy has called for immediate sanctions, arguing that reduced Russian oil consumption would weaken Russia's military capabilities [5] - Oil market reactions have been mixed, with the United States Oil Fund LP showing a slight gain while the SPDR S&P Oil & Gas Exploration & Production ETF declined, indicating uncertainty in supply dynamics [5] Group 3 - Trump proposed imposing tariffs of 50% to 100% on China to disrupt its influence over Russia, with the tariffs to be lifted only after the resolution of the Russia-Ukraine conflict [3]