Oil Prices Surge as Trump Sanctions Russian Energy Giants ...Middle East

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Oil prices continued to climb in early Asian trading on Wednesday after President Trump announced new sanctions on Russia’s two largest oil producers, Lukoil and Rosneft, marking the first Ukraine-related sanctions of his second term. The measures, announced late Wednesday in Washington, came as Trump’s frustration with Putin has grown over the ongoing war in Ukraine. The sanctions followed a 19th package of restrictions approved by the European Union that includes a ban on Russian liquefied natural gas imports, and a similar move by…

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