Oil Prices Climb as EU Sanctions Target Russian Trade
Friday, 18 July 2025 () Oil prices rose on Friday after the EU adopted its 18th sanctions package against Russia, lowering the price cap, targeting Russian oil trade, and closing a loophole that has so far allowed EU imports of fuels processed from Russian crude. As of 9:50 a.m. EDT on Friday, the U.S. benchmark, WTI Crude, rose by 1.36% to $68.51 per barrel. The international benchmark, Brent Crude, was trading higher by 1.19%, and returned above the $70 a barrel mark, at $70.39. The European Union lowered the price cap on Russian crude oil to $47.60 from $60 per…
Former U.S. President Donald Trump has issued a stern warning to Russian President Vladimir Putin, setting a 50-day deadline to end the war in Ukraine or face sweeping consequences. Trump threatened "very steep tariffs" and harsh secondary sanctions on countries buying Russian oil. The proposed...
EU imposes new sanctions on Russia's oil and banks after Robert Fico lifts his veto
The breakthrough on Friday was made only possible after Slovak Prime Minister Robert Fico agreed to lift his..
Credit: euronews (in English) Duration: 01:06Published
In a harrowing attack early Thursday morning, a Ukrainian drone crashed into a residential high-rise in Voronezh, southern Russia, injuring at least three children and displacing multiple families...
NATO Secretary General Mark Rutte has issued a stern warning to BRICS nations—India, China, and Brazil—over their continued trade ties with Russia. Following a meeting with Donald Trump, who gave..
Hardeep Puri, India's Petroleum Minister, asserts that India's continued Russian oil imports have stabilized global energy prices. Discontinuing this trade would... IndiaTimes
Oil prices surged over 2% due to IEA's report of a potentially tighter global market driven by strong summer demand. Concerns about new US tariffs and potential... IndiaTimes
India's merchandise trade gap saw a slight decrease to $20.7 billion in June 2025, primarily due to lower crude oil prices and reduced gold imports. Strategic... IndiaTimes
Friday, 18 July 2025 ()
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