Oil prices rise 3% after US sanctions on two Russian companies

Increased Oil prices rose by about 3% in early Asian trading on Thursday morning, after the United States imposed New sanctions on the two largest oil companies in Russia.

Nearly 00:30 GMT, the price of US West Texas Intermediate crude oil increased by 2.89% to reach $60.19, while the price of Brent crude oil rose by 2.86% to reach $64.38.

The United States on Wednesday imposed sanctions on Rosneft and Lukoil due to… "Their financing of the Kremlin’s war machine" At a time when the American President seeks Donald Trump called for an end to the war that has been going on between Russia and Ukraine since February 2022.

• For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter