Latest US Sanctions on Russian Oil Are a Big Deal

Why Latest US Sanctions on Russian Oil Are a Big Deal
In the final days of Joe Biden’s presidency, the US unveiled its most sweeping and aggressive effort yet to disrupt the oil shipments that are helping Russia to fund its war in Ukraine.
Ratcheting up sanctions on Russian oil may be the key to Trump's plan to end the war in Ukraine
"I will be 100% on board with taking sanctions up," Treasury Secretary-pick Scott Bessent told lawmakers on Thursday.
Occidental Petroleum: New Sanctions To Boost Oil Markets In 2025
Occidental Petroleum is poised for long-term growth and potential outperformance in 2025 due to stricter oil sanctions. Read more on OXY stock here.
Oil Tankers U-Turn and Buyers Go Elsewhere as Russia Sanctions Bite
On Jan. 10 the US Treasury’s Office of Foreign Assets Control sanctioned 161 tankers and traders involved in about 2,000 shipments since the invasion began. It also acted against Moscow-based ship insurers and two companies — Surgutneftgas and Gazpromneft — which in the first 10 months of last year accounted for almost 30% of Russia’s oil exports.
India is staring at an 'oil shock' as U.S. sanctions on Russian crude loom
India is now staring at the possibility of an oil shock after the U.S. decided to implement sweeping sanctions on Russia's oil industry.
Oil Prices Climb Above $80 Per Barrel Amid Biden's Latest Sanctions
Prices surged after the administration imposed what officials called "most significant sanctions yet on Russia's energy sector."
Russian sanctions drive oil prices higher
Defying expectations, oil prices began 2025 on a strong note, propelled by tighter US sanctions on Russian oil, Opec+ production cuts, and heightened heati..
Oil Sanctions: Trump's Leverage in Ukraine-Russia Conflict?
The Trump administration is crafting a sanctions strategy aimed at achieving a Russia-Ukraine peace deal while maintaining pressure on Iran and Venezuela, but faces challenges due to Biden's existing sanctions and the complexities of the conflict.
Trump Team Readies Oil Sanctions Plan for Russia Deal
Advisers to President-elect Donald Trump are crafting a wide-ranging sanctions strategy to facilitate a Russia-Ukraine diplomatic accord in the coming months.
Oil steadies after boost from US crude draw, Russia sanctions
Oil prices steadied on Thursday a day after settling at multi-month highs on the latest U.S. sanctions on Russia and a larger-than-forecast fall in U.S. crude stocks. Brent crude futures were down 23 cents,
U.S. sanctions on Russia hit oil freight rates
On Jan. 10, the U.S. Treasury announced fresh measures to deplete Russia's energy revenues, including on 183 vessels, largely oil tankers.
Oil prices dip but post 4th straight weekly gain on US sanctions
Oil prices settled lower on Friday but notched their fourth straight weekly gain, as the latest U.S. sanctions on Russian ...
The Washington Post9d
Biden levies new sanctions against Russian energy sector, but it's up to Trump whether to keep them
The outgoing Democratic administration billed the new sanctions as the most significant to date against Moscow’s oil and liquefied natural gas sectors, the driver of Russia’s economy.
US sanctions on Venezuela: Debate continues over oil export permits
Venezuela's oil production is rebounding as tanker ships return to its coast, yet Maduro's recent election is criticized for ...
Oil rallies, settles at multi-month high on US crude draw, Russia sanctions
Oil prices rose on Wednesday trimming losses from the previous day, as the focus turned back to potential supply disruptions ...
No convictions for breaching sanctions on Russia
Financial sanctions on Russia were introduced following the annexation of Crimea in 2014 and the wider invasion of Ukraine in ...