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Oil Prices Jump After Iran Attack

How long prices remain high will depend on what the United States, Israel and Iran do next.
HomePoliticsSanctions have choked Russia's oil industry, a key source of Kremlin funds,...

Sanctions have choked Russia’s oil industry, a key source of Kremlin funds, Treasury finds

A Treasury Department analysis indicates that new U.S. sanctions on Russian oil producers have sent prices there tumbling, choking off a key revenue source that Russia has used to fund its war in Ukraine.