Us Breaking News Us And Uk Toughens Sanctions On Russian Oil Industry

Russian oil firm’s multibillion-dollar assets overseas at risk as US sanctions begin to bite

The Iraqi government says it can no longer work with Russian oil company Lukoil – which has a huge stake in the country’s oil fields – because of recently imposed US sanctions against the company. Read More

Trump Turns On Putin—Blocks Russia’s Two Biggest Oil Giants In Largest US Oil Sanctions Yet

In a move that stunned diplomats and markets alike, President Donald Trump abruptly canceled his scheduled summit with Russian President Vladimir Putin in Budapest on October 22, 2025. The meeting, ... Read More

The US sanctions Russian oil companies | Quick Take

The US has imposed new sanctions on Russia and expanded intelligence support to Ukraine. Ian Bremmer weighs in on what it means for Russia’s economy and its war capabilities. Read More

Pump prices could rise after US, EU hit Russian oil companies with new sanctions and oil spikes

Oil prices spiked Thursday after the U.S. announced massive new sanctions on Russia’s oil industry in an attempt to get Russian President Vladimir Putin to the negotiating table and end Moscow’s bruta ... Read More

Targeting the 'heart of its war economy,' US and EU impose new sanctions on Russian oil

The U.S. and European Union have announced new sanctions targeting Russia's oil industry to pressure Russia to end the war in Ukraine. The sanctions are gaining support from US allies. This morning, ... Read More