Oil price jumps after Trump imposes sanctions on two Russian producers
PositiveWorld Affairs

Oil prices surged following President Donald Trump's announcement of new sanctions against Russia's largest oil producers, Rosneft and Lukoil. These sanctions involve freezing assets in the US and prohibiting American companies from engaging in business with these firms. This move is significant as it not only impacts the Russian economy but also affects global oil markets, potentially leading to higher prices for consumers and businesses alike.
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