Trump Threatens New Oil Sanctions on Russia Amid Stalled Ukraine Peace Talks

US President Donald TRUMP has signaled dwindling patience with Russian President Vladimir Putin, threatening fresh economic sanctions against Moscow as Ukraine peace negotiations falter. "It'll be hitting very hard with sanctions to banks and having to do with oil and tariffs also," Trump stated in an interview. The remarks follow Russia's acknowledgment of paused talks with Ukraine, despite Trump's earlier push for direct dialogue between Putin and Ukrainian President Volodymyr Zelenskiy.

The administration's next MOVE involves pressuring G7 allies to impose tariffs as high as 100% on China and India for purchasing Russian oil. India remains the largest buyer of Russian seaborne crude, much of which is transported via tankers already under EU, US, and UK sanctions. Meanwhile, Energy Secretary Chris Wright is in Brussels finalizing terms for a $750 billion EU purchase of US gas, oil, and nuclear fuel.

Oil prices surged 2% following a Ukrainian drone attack on a Russian port that disrupted loadings, overshadowing concerns about oversupply and weakening US demand. The geopolitical tension underscores the fragility of energy markets amid escalating sanctions rhetoric.