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    Your email address will not be published.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

    Weekly Brief: Why Ripple’s Hidden Road Acquisition is a “Natural Fit”, Instant Funding Eyes CFDs

    • April 26, 2025
    Weekly Brief: Why Ripple’s Hidden Road Acquisition is a “Natural Fit”, Instant Funding Eyes CFDs

    Gold vs. Bitcoin in 2025: What’s the Ultimate Inflation Hedge?

    • April 25, 2025
    Gold vs. Bitcoin in 2025: What’s the Ultimate Inflation Hedge?

    What’s Driving EUR/USD Volatility in Q2 2025?

    • April 25, 2025
    What’s Driving EUR/USD Volatility in Q2 2025?

    Why BRICS Currencies Are Becoming Important in Forex Markets?

    • April 25, 2025
    Why BRICS Currencies Are Becoming Important in Forex Markets?

    CFI Scores Basketball Sponsorship Deal for EuroLeague Final Four in Abu Dhabi

    • April 25, 2025
    CFI Scores Basketball Sponsorship Deal for EuroLeague Final Four in Abu Dhabi

    XAU/USD: Elliott Wave Analysis and Forecast for 25.04.25 – 02.05.25

    • April 25, 2025
    XAU/USD: Elliott Wave Analysis and Forecast for 25.04.25 – 02.05.25