Oil prices have risen sharply after the announcement of new American sanctions against Russia. Energy markets immediately responded to increased pressure from Washington, fearing supply disruptions and reduced exports, analysts say.
Oil brands Brent from the North Sea has risen in price by $3.40 (£2.55), or at 5.4%and closed at $65.99 per barrel. American West Texas Intermediate (WTI) grew by $3.29 (2.47 lbs), reaching $61.79 per barrel.
This highest daily increase for both oil grades since mid-June, indicating significant nervousness among traders and investors.
Oil prices soared after new US sanctions against Russia pic.twitter.com/t3XOHBabXr
— Athens News (@russianathens) October 24, 2025
The market reacts to sanctions
Russia, remaining the second largest world oil producer after the United States, it again found itself at the center of an energy storm. Companies Rosneft And Lukoilthe largest players in the Russian oil and gas industry, are included in the new sanctions package Washington.
Experts note that such measures limit international payments and access to equipment, which increases market instability and pushes prices up. According to analysts, “any reduction in supplies from Russia immediately affects the balance of supply and demand.”
World traders are watching the US’s next steps and Moscow’s possible responsesince the situation around Russian energy resources directly affects the strategic stability of the entire market.
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