US Sanctions Send Oil Prices to Five-Month High on Supply Fears
Global oil markets are undergoing intense disruption as prices climb to five-month highs near $79 per barrel, driven largely by the U.S. government’s most sweeping sanctions to date on Russia’s energy sector. The new measures, which target major exporters, insurance providers and numerous tankers, are reverberating through international supply chains and prompting heightened caution from … Read more