Oil at Four-Month High Amid New Sanctions on Russia

The video discusses the Biden administration's new sanctions on Russian oil, targeting insurance companies, major crude handlers, and oil tankers. These measures aim to reduce Russia's oil exports, potentially affecting 800,000 to 1,000,000 barrels a day, impacting global markets, especially India and China. Analysts predict a gradual increase in oil prices, with Brent possibly reaching $90 per barrel, but not spiking as in 2022. The video also highlights the potential impact of Trump's policies on Iran, which could further influence oil prices.

What are the expectations regarding oil prices following the sanctions?

How could Trump's policy on Iran impact the global oil market?