Oil prices are near the highest level in four months, with sanctions against Russia's oil amplification
Oil prices have continued their profits to spread rough at the highest level in four months, after a new wave of US sanctions against the Russian energy industry has threatened to reduce crude oil supplies in an already world market. Brent Raw World Raw World was over $ 81 a barrel during the opening of the first this week, after a 4% increase in the previous session, West Texas Raw traded near $ 78. On Friday, the United States imposed its most serious and ambitious sanctions on the Russian oil industry, which targeted two of the most important producers and exporters, insurance companies and more than 150 tankers. These moves, which came less than two weeks before President -Check out Donald Trump, will emphasize the most important markets in India and China, with the possibility that local refineries should look for alternative supplies. India has emerged as an important importer of Russian crude in the Russian War against Ukraine in 2022. Beijing is the largest oil importer in the world. Over the past few weeks, the market confusion has strongly increased the price of crude oil to achieve profits with weather, low US stocks and speculation that the Trump administration could tighten sanctions against the flow of Iran in the coming months. The widespread penalty package threatens the Joe Biden management by further confusion of the market, while also working to complicate the policy of the “OPEC+” coalition, and presents a new challenge for central banks, especially as it contributes to improving inflation. In one of the first assessments of the possible effects of the sanction package, the “City Group” group said that up to 30% of the shadow fleet transported Russian oil could be affected, which threatens up to 800 thousand barrels a day, although the actual loss may be less than half this number. There was evidence that Russian supplies have been under pressure over the past few weeks, as it is estimated that exports of rough -holy sea in the country have decreased to the lowest level since August 2023. Meanwhile, some refineries in India and China have raised its purchases from the Middle East and the Atlantic Basin amid the fear that more restrictions on Russian import.