Oil prices jump 5% after US sanctions Russian oil giants
US sanctions target Moscow’s energy revenues
US sanctions target Moscow’s energy revenues
Fears grow over Strait of Hormuz disruption; Iran vows ‘everlasting consequences’
Prospect of strike stoked fears of another regional conflict in Middle East
Experts say 'The rise is largely sentiment-driven'
Anticipated price cut comes amid a significant drop in international crude oil prices.
Trump's tariff policies can stoke inflation, slow economic growth and escalate trade disputes
Group is also expected to enforce output cuts on certain members to offset prior overproduction.
Minor fuel price cuts in March to be followed by significant decreases in April
Sanction relief, tariff concerns weigh on energy markets
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