Global oil prices: Trump’s sanctions on Russian firms trigger sharp rise; Brent crude futures soar nearly 5%

Oil prices rose sharply on Wednesday, triggered by America’s fresh sanctions on Russian oil companies.Brent crude futures jumped $3.03, or 4.94%, to $64.35 a barrel, while US West Texas Intermediate (WTI) crude added $1.42, or 2.43%, to $59.92 after the settlement at 6 PM EDT (2200 GMT). Earlier, Brent had settled $1.27 higher at $62.59…

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‘Putin wasn’t ‘honest’: US imposes sanctions on Russian oil firms; Scott Bessent reveals why Donald Trump was ‘disappointed’

Vladimir Putin and Donald Trump (R) The Donald Trump-led US administration on Wednesday imposed sanctions on Russia’s two largest oil producers, Rosneft and Lukoil, intensifying pressure on the Kremlin to end its war in Ukraine. The move marks one of Washington’s largest-ever sanctions packages against Moscow, announced after Treasury Secretary Scott Bessent accused Vladimir Putin…

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Infosys promoters opt out of Rs 18,000-crore buyback

NEW DELHI: Infosys promoters and promoter group, including Nandan M Nilekani and Sudha Murty, have decided not to participate in the company’s Rs 18,000 crore share buyback, according to a regulatory filing on Wednesday.The promoters collectively hold nearly 13.1% of the company’s equity as on the buyback announcement date. “…the promoter and promoter group of…

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‘Immediately agree to ceasefire’: US sanctions major Russian oil firms; move amid Putin’s ‘refusal to end senseless war’

The United States on Wednesday announced sanctions on two biggest Russian oil companies in a bid to pressurize Moscow to “immediately agree to ceasefire“. The move after US President Donald Trump expressed that his talks with Russian counterpart Putin remained futile over Ukraine war.“Now is the time to stop the killing and for an immediate…

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