Crude oil prices reached a three-month high on January 10, 2025. Brent crude jumped 3.69% to $79.76 per barrel after the US announced major sanctions against Russia’s oil industry. The measures target over 180 entities, including major producers Gazprom Neft and Surgutneftegas, affecting 42% of Russia’s seaborne oil exports. The U.S. Treasury Department’s sanctions impact […]
