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Are New Sanctions on Russia Really Threatening Oil Prices?

1 min read | July 21, 2025 03:10 PM IST | By Team Kalkine Media

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Oil markets are showing stability despite major developments: the EU’s new sanctions on Russian crude and looming U.S. tariff threats could influence demand. Today, Brent sits near $69.34 /bbl and WTI around $67.51 /bbl. Traders remain cautious, skeptical of sanctions' power to choke Russia’s resilient exports through its shadow tanker fleet—and equally wary of trade tensions that could suppress fuel use. Economic indicators from the U.S. add further complexity. In this video, we break down what’s keeping oil prices steady and what could trigger the next major shift.

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