In a decisive move, the US Treasury has imposed new sanctions on Russia's largest oil companies, Rosneft and Lukoil, as part of efforts to pressure the Kremlin amid ongoing conflict in Ukraine. Secretary of the Treasury Scott Bessent calls for an immediate ceasefire and emphasizes the need for a peaceful resolution.
In a surprising turn, President Trump reveals he is ready to escalate sanctions against Russia, signaling a tougher stance over the ongoing Ukraine conflict. What does this mean for global energy markets?
Trump expresses frustration over slow negotiations with Putin regarding Ukraine, while announcing NATO's financial commitment to support Ukraine's defense with U.S. weapons.
