Trump Signs New Russia Sanctions Law: Oil Prices May Rise Further
2026-09-19 23:22:20
CoinMeta data: On September 18, Trump signed a new sanctions bill targeting Russia, which could lead to further increases in oil prices. According to confirmation from the White House, the bill expands sanctions, tariffs, and prohibitions against Russia, with a particular focus on Russia's energy sector. Russian ESPO crude oil surpassed $120 for the first time this week, and Urals crude also reached around $110. Due to competition from Chinese refineries for supplies, the price of Russian crude oil is soaring. The new sanctions may make transactions more difficult, forcing buyers to turn to other parts of the global market, thereby intensifying competition for available crude oil.
Source:Coinpaper
This content is for market information only and does not constitute investment advice.
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