Even as Trump is frustrated over his inability to halt the Ukraine War after he initially claimed he would be able to do so swiftly, the European Commission has proposed legislation to phase out EU imports of Russian oil and gas by January 1, 2028.

Trump wants US, Europe in sync on Russia sanctions, says ‘stop buying Russian oil, gas’

Brent crude rose minimally to $69.33 a barrel, and WTI increased to $67.36, despite a 1.5% drop last week. Analysts note crude prices are nearly 7% lower for the year, affected by oversupply and trade wars.

Oil prices stay steady amid Russia sanctions and tariff fears collide

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Trump wants US, Europe in sync on Russia sanctions, says ‘stop buying Russian oil, gas’

Oil prices stay steady amid Russia sanctions and tariff fears collide