Politics

Latest US sanctions on Russia threaten oil trade shock as prices hit four-month high

Analysts suggest new round of sanctions could pose temporary shock to global oil trade

Models of oil barrels and a pump jack are displayed in front of a rising stock graph.
Models of oil barrels and a pump jack are displayed in front of a rising stock graph.Photo: REUTERS/SCANPIX
Middle East and South Asia EditorNew Delhi
Published 13 January 2025, 11:12Updated 13 January 2025, 15:46
RussiaUnited StatesIndiaChinaRystad Energy