- The United States will impose some of the harshest sanctions yet on Russia's oil industry, according to a purported U.S. Treasury document circulating among traders in Europe and Asia that drove global oil prices 3% higher on Friday https://www.reuters.com/business/energy/new-us-sanctions-russian-tankers-hit-oil-supplies-india-refining-sources-say-2025-01-10/ 28 comments europe