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Oil Heading for Weekly Gain as Markets Assess Potential Russia Sanctions and Trump Tariffs

On Friday, US President Donald Trump announced a 'major' Russia statement planned for Monday, backing tougher sanctions on Putin's government amid rising oil prices.
Growing criticism over Putin’s Ukraine conflict and trade tensions prompted Trump to plan a 'major' Russia statement, amid escalating geopolitical tensions and market concerns.
Market observers cited Brent crude’s 0.28% rise to $68.83 amid sanctions speculation, with ING analysts noting that 'leave the market nervous' about potential US-Russia tensions.
Market participants see WTI crude dip to $66.10 amid potential sanctions and US tariff threats, fueling investor volatility.
Starting August 1, new Russian oil levies will add to duties, intensifying energy market tensions and affecting global supply dynamics.

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The National

Center

Oil heading for weekly gain as markets assess potential Russia sanctions and Trump tariffs

US President due to give major statement on Russia on Monday

23 hours ago·Abu Dhabi, United Arab Emirates

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RTÉ

Center

Oil climbs on potential Russia sanctions

Oil prices rose today after US President Donald Trump said he would make an announcement regarding Russia, raising the prospect of more sanctions on the major oil producer, while tariff concern and rising OPEC+ output capped gains.

1 day ago·Ireland

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شفق نيوز

Left

Oil climbs on Trump hint at Russia sanctions

Shafaq News Oil prices rose on Friday after U.S. President Donald Trump said he would make an announcement regarding Russia, raising the prospect of more sanctions on the major oil producer, while ta

1 day ago·Iraq

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Live Mint

Center

Donald Trump likely to make ‘major’ Russia statement as he backs tougher sanctions on Putin's govt

President Donald Trump said he plans to make a “major statement” on Russia, as the US prepares to send a volley of new American weapons to Ukraine via purchases from NATO allies.

1 day ago·New Delhi, India

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Bloomberg

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South Florida Reporter

Lean Left

Trump Plans ‘Major’ Russia Statement Monday, Mulls Sanctions

President Donald Trump said he plans to make a “major statement” on Russia, as the US prepares to send more American weapons to Ukraine via purchases from NATO allies.

1 day ago·United States

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EURO-NEWS

Trump Promises Major Announcement on Russia Coming Next Week – EUROP INFO

Former President Donald Trump has announced that he will deliver a “major statement” regarding Russia next week, signaling a significant development in ongoing discussions about U.S.-Russia relations. The forthcoming announcement has drawn widespread attention amid heightened geopolitical tensions and domestic debates over foreign policy. Details surrounding the content and implications of Trump’s remarks remain closely watched by policymakers, …

8 hours ago

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