BREAKING: OIL extends gains to almost 3% as Trump threatened sanctions on Russia

4:20 PM 7 March 2025

The U.S. president, Donald Trump, has threatened further sanctions against Russia, citing the "fact" that Moscow is currently "pounding" Ukraine on the battlefield. The statement was posted on Truth Social. Trump called for banking sanctions and tariffs to remain in place until a "ceasefire" and a final peace settlement are reached.

In January, the U.S. targeted Russia’s oil production with sanctions, but market concerns over this policy eased as Trump hinted at the possibility of negotiating a deal with Putin and easing restrictions once the Russia-Ukraine war ends. However, as of now, the conflict continues, with both sides engaged in intense fighting. Russia may gain a more favorable position on the battlefield, as the U.S. has halted weapons supplies to Kyiv, along with intelligence-sharing via Maxar and Musk’s Starlink.

Oil prices have reacted with an uptick as the Russia-Ukraine war persists, and Trump appears to be taking a more hawkish stance toward Moscow.

 

Source: 

Share:
Back

Join over 1 600 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits