Brent crude oil climbed to over $81 per barrel on Monday, marking its highest level in more than four months, as the global market reacted to the latest wave of U.S. sanctions targeting Russia’s oil sector.
The sanctions, announced on Friday, have prompted emergency meetings among major oil buyers in India and China, who are assessing the potential impact on supply chains.
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Analysts suggest the combined effects of sanctions on Russia and Iran could exert upward pressure on global oil prices, fueling concerns about market volatility in the coming months.
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