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    Your email address will not be published.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

    Tariff Madness Continues as Capital.com Q2 Trades Rise 22%, Volume Hits $850 Billion

    • July 30, 2025
    Tariff Madness Continues as Capital.com Q2 Trades Rise 22%, Volume Hits $850 Billion

    London-based Trading Technology Provider MahiMarkets Joins Match-Trader for Unified Pricing

    • July 30, 2025
    London-based Trading Technology Provider MahiMarkets Joins Match-Trader for Unified Pricing

    AI Adoption Grows in Israel’s Fintech Community – Not Without Caveats

    • July 30, 2025
    AI Adoption Grows in Israel’s Fintech Community – Not Without Caveats

    Silver Faces Turning Point Amid US Dollar Surge. Forecast as of 30.07.2025

    • July 30, 2025
    Silver Faces Turning Point Amid US Dollar Surge. Forecast as of 30.07.2025

    24/5 Trading? eToro Should Be Cautious of Tech Limits – Just Ask Robinhood

    • July 30, 2025
    24/5 Trading? eToro Should Be Cautious of Tech Limits – Just Ask Robinhood

    B2BROKER and Nullpoint Partner to Integrate B2COPY Copy Trading Solution

    • July 30, 2025
    B2BROKER and Nullpoint Partner to Integrate B2COPY Copy Trading Solution