Oil & sanctions in focus.

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Oil & sanctions in focus.

⚠️ Energy markets are back in focus as the U.S. temporarily waived key Russia-related sanctions and tariffs that had been set to take effect.

The decision matters because restrictions on major buyers of Russian oil could have added more pressure to already elevated energy prices. By easing those measures for now, the market is reassessing how much additional supply risk remains priced into oil.

At the same time, geopolitical tensions continue to keep crude prices sensitive. Brent recently traded near $110 per barrel as markets reacted to supply concerns linked to the Middle East and Russian refining disruptions.

For oil, sanctions are only one part of the story. Supply risk and geopolitics remain just as important.

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