IEA says new US sanctions could significantly disrupt Russian supply

LONDON (Reuters) – The latest round of U.S. sanctions against Russian oil, announced last Friday, could significantly disrupt Russia’s oil supply and distribution chains, the International Energy Agency (IEA) said in its monthly oil market report on Wednesday.

The Paris-based agency held its supply forecasts for Russia and Iran steady for this month given an uncertain outlook over the full impact of the new sanctions, but said that Washington’s measures could result in a tightening of crude oil and fuel balances.

“While exhaustive, the full impact on the oil market and on access to Russian supply is uncertain,” the agency said.

The IEA said that tighter sanctions, as well as a cold weather snap in the northern hemisphere, had propelled crude prices above $80 a barrel in early January. Brent futures were trading at $80.12 a barrel at 0850 GMT.

This post is originally published on INVESTING.

  • Related Posts

    Oil falls after Trump reverses Colombia sanctions threat

    By Anna Hirtenstein LONDON (Reuters) -Oil prices wavered on Monday after the U.S. and Colombia reached a deal on deportations, reducing immediate concern over oil supply disruptions but keeping traders…

    Dollar gains on tariffs fears; euro looks to ECB meeting

    Investing.com – The US dollar slipped lower Monday, rebounding after recent losses as attention returned to the potential for trade tariffs from the Trump administration at the start of a…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    What Is Cognitive Load in Trading and How to Reduce It?

    • July 5, 2025
    What Is Cognitive Load in Trading and How to Reduce It?

    What Are Risk Reversals in Forex and How Do Traders Use Them?

    • July 5, 2025
    What Are Risk Reversals in Forex and How Do Traders Use Them?

    Weekly Snapshot: Prop Firm Funded Unicorn’s A-Book Bet Ends in Failure, Is FxPro Entering Crypto Next?

    • July 5, 2025
    Weekly Snapshot: Prop Firm Funded Unicorn’s A-Book Bet Ends in Failure, Is FxPro Entering Crypto Next?

    How to Trade Around SDR Allocations and IMF Announcements?

    • July 4, 2025
    How to Trade Around SDR Allocations and IMF Announcements?

    Swissquote Secures Full Ownership of Yuh After Four Years, Buying Out PostFinance’s 50% Stake

    • July 4, 2025
    Swissquote Secures Full Ownership of Yuh After Four Years, Buying Out PostFinance’s 50% Stake

    XAU/USD: Elliott Wave Analysis and Forecast for 04.07.25 – 11.07.25

    • July 4, 2025
    XAU/USD: Elliott Wave Analysis and Forecast for 04.07.25 – 11.07.25