Trump news at a glance: Oil prices jump after president puts sanctions on Russia in major policy shift

In a significant policy shift, President Trump has imposed sanctions on Russian oil companies Lukoil and Rosneft, marking the first time he has taken such action during his second term. This move comes as a response to the ongoing conflict in Ukraine and reflects Trump's growing frustration with Russian President Vladimir Putin. The sanctions have already led to a notable increase in oil prices, rising over $2 a barrel. This development is crucial as it not only impacts the global oil market but also signals a tougher stance from the U.S. on Russia's actions.