Sanctions
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Oil Prices Surge as Trump Targets Russian Oil Giants with Heavy Sanctions
Global oil markets witnessed a sharp spike of over 2% on Thursday after U.S. President Donald Trump announced plans to impose heavy sanctions on two major Russian oil companies.
The move, which immediately sent crude prices soaring, marks a significant escalation in Washington’s efforts to pressure Moscow economically. Analysts say the sanctions could tighten global supply chains and further destabilize energy markets already reeling from geopolitical tensions.
Meanwhile, renewed U.S.-China economic optimism helped lift global stocks, as investors balanced the sanctions shock with hopes of improved trade cooperation between the world’s two largest economies.
Iran Denounces Sanctions as “Unjust” and “Illegal”
The Iranian government has strongly condemned recent sanctions imposed against it, labeling them both “unjust” and “illegal.”
In an official statement, Tehran urged the international community not to comply with or implement the restrictions, stressing that such measures are politically motivated and harmful to global cooperation.
Iran argues that sanctions unfairly target its economy and people, while doing little to promote peace or stability in the region. Officials further called on nations to uphold principles of fairness and international law, warning that continued enforcement could deepen divisions and undermine diplomacy.
The latest response reflects Iran’s ongoing defiance in the face of Western pressure, as tensions remain high over issues ranging from nuclear policy to regional security.
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