India’s Reliance Stops Using Russian Oil in Part of Jamnagar

U.S. sanctions targeting Russia's largest oil producers, Lukoil and Rosneft, have begun to impact Moscow's ability to sell crude oil, which is vital for its economy. These sanctions are part of broader efforts to weaken Russia's financial capacity amid ongoing geopolitical tensions.

U.S. sanctions targeting Russia's largest oil producers, Lukoil and Rosneft, have begun to impact Moscow's ability to sell crude oil, which is vital for its economy. These sanctions are part of broader efforts to weaken Russia's financial capacity amid ongoing geopolitical tensions.

The U.S. plan to create joint investment funds involving Russian frozen assets has raised concerns in Brussels, casting doubt on the European Union's financial support for Ukraine. This unexpected move by the Trump administration has blindsided EU officials, who are now reassessing their strategies regarding aid to Ukraine amidst ongoing geopolitical tensions.

A sanctioned Russian oil tanker made a U-turn on its way to Venezuela after a US warship intersected its route near the country's coast, according to Bloomberg tanker tracking. This incident raises concerns about the potential for Washington to intervene and limit Moscow's energy support to Caracas.

Oil prices declined as traders evaluated the potential for a peace deal between Ukraine and Russia, which could increase supply in an already saturated market. Reports indicated that the U.S. threatened to withdraw support for Kyiv unless an agreement favorable to Moscow is reached.