Oil Jumps as US Sanctions Russia; Tesla Profit Falls Amid Rising Costs | Bloomberg Brief 10/23/2025

Bloomberg•Thursday, October 23, 2025 at 11:06:23 AM

Oil prices have surged following President Trump's increased sanctions on Russian oil producers, Rosneft and Lukoil, as he pressures President Putin to negotiate an end to the ongoing war in Ukraine. This development is significant as it could impact global oil supply and prices. Meanwhile, Tesla's shares have dipped in pre-market trading due to a decline in profits, despite achieving record electric vehicle sales. Additionally, China's Vice Premier He Lifeng is set to meet with US officials in Malaysia, which could influence future economic relations.

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