Biden says U.S. will ban Russian oil imports in response to Putin’s invasion of Ukraine KEY POINTS President Joe Biden announced that the U.S. will ban imports of Russian oil, a major escalation in the international response to Moscow’s invasion of Ukraine. The move came as Western-allied nations work to sever Russia from the global…
Tag: oil
Tanker attacks in Gulf of Oman stoke security and oil fears
Two oil tankers were attacked and left adrift on Thursday in the Gulf of Oman, driving up oil prices and stoking fears of a new confrontation between Iran and the United States. The White House said U.S. President Donald Trump had been briefed on the issue, after Washington accused Tehran of being behind a similar…
OIL SPIKES ANOTHER 2% CA HIGHEST IN 5 YEARS
Oil prices jumped more than 2 percent on Monday to a near six-month high, on growing concern about tight global supplies after the United States announced a further clampdown on Iranian oil exports. Washington said it will eliminate in May all waivers allowing eight economies to buy Iranian oil without facing U.S. sanctions. “The geopolitical…
