Oil Spikes As Bessent Warns "Substantial" New Russia Sanctions Imminent

Oct 22nd 2025 3:46pm EDT

Oil Spikes As Bessent Warns “Substantial” New Russia Sanctions Imminent Update(1546ET): A couple of significant breaking headlines saw oil prices spike Wednesday afternoon, especially US Treasury Secretary Scott Bessent announcing Washington would unveil fresh sanctions against Russia, and coming only day after President Trump shelved talks with Moscow on the Ukraine war, after initial talk […]

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