Geopolitics18 July 2026
Trump shortens deadline for severe Russian oil sanctions, risking supply shock
via Reuters
President Trump accelerated the timeline for toughest-ever sanctions on Russian oil exports, which totaled 4.68 million bpd in June—4.5% of global demand. The move could disrupt global crude markets and send prices higher. Traders should watch WTI/Brent for volatility, potential inflation spikes, and knock-on effects in equity and FX markets.
Original source
Reuters
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