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2025-09-12 22:41:19
Oil prices rebounded in afternoon trading after the UK announced a new round of 100 sanctions targeting Russian oil and military equipment. They had previously opened lower due to concerns about oversupply. Analysts say that despite bearish market fundamentals, the risk of Russian energy supply disruptions continues to support oil prices. Meanwhile, the EU is currently preparing its 19th round of sanctions against Russia and is reportedly considering accelerating its phase-out of Russian fossil fuels. Two EU officials stated that President Trump has asked the EU to impose tariffs of up to 100% on some goods from China and India, two major buyers of Russian oil, to increase pressure on Russia.
