China takes further step on the trade spat as it requests WTO for authorisation to impose sanctions on the United States.
Tag: sanctions
US sanctions against Russia: Russia will respond to the new US sanctions coming into force on Monday accordingly, following the assessment of their impact.
Brent oil is up 1.52 dollar a barrel ahead of a report indicating a fall in US crude inventories. Tighter supplies are also expected following US sanctions on Iran.
The Trump administration announced overnight that fresh US sanctions are to be imposed on Moscow.
Oil prices soar following the imposition of new sanctions to Iran, one of the major crude exporters. The renewed sanctions came into force early on Tuesday.