Oil price jumps after US sanctions Russia’s Rosneft and Lukoil; White House considers software curbs on China – business live - short news
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Here’s Deutsche Bank strategist Jim Reid on the jump in the oil price:
Overnight, the biggest market move has come from oil prices, after the US Treasury announced sanctions against Russia’s two largest oil companies, citing “Russia’s lack of serious commitment to a peace process to end the war in Ukraine”.
These are the first material US sanctions against Russia introduced since Trump re-entered the..
source: The Guardian - 23.10.2025