Oil Prices Surge To 3-Month Peak After US Imposes Tougher Sanctions On Russia
11 Jan 2025 17:03 PM IST
Oil prices reached a 3-month high due to the US sanctions on Russian crude that started hitting the global markets. Brent crude gained 4%, the first time since October that it has breached $80, with fears of supply disruptions, tight demand, and reduced Russian oil exports.