Reported 1 day ago
Oil prices climbed to their highest levels in four months following the announcement of aggressive US sanctions on Russia’s energy sector, sparking concerns among major Asian importers like India and China about potential supply disruptions. Brent crude rose above $81 per barrel, while West Texas Intermediate approached $78, as new sanctions target significant Russian exporters and shipping firms. The situation raises questions about future global oil supplies and prices, amid ongoing tensions and shifts in market dynamics.
Source: YAHOO