Global crude markets responded sharply as fresh sanctions targeted Russia’s oil industry, tightening supplies and igniting concerns over future availability. Traders pushed prices higher, factoring in the likelihood of reduced exports from one of the world’s top producers. The escalating measures, implemented by key Western economies, aim to curtail Russia’s ability to finance its military operations, while inadvertently disrupting global energy flows and heightening market volatility.

Key factors influencing the price surge include:

  • Supply Constraints: Reduced volumes from sanctioned Russian oil fields and restricted shipping routes.
  • Geopolitical Tensions: Heightened uncertainty prompts speculative buying and inventory buildup.
  • Alternative Sources: Limited capacity among other producers to compensate for the shortfall effectively.

The brief table below illustrates recent…