Russia's Kremlin says that the US has prohibited Russia and China from dealing with Venezuelan oil and are looking to discuss with the US about the restriction
This headline indicates heightened geopolitical tensions as the US imposes restrictions on Russian and Chinese dealings with Venezuelan oil, potentially affecting global oil supply dynamics.
[MARKET ANALYSIS] Gold rangebound ahead of US NFP; Base metals rise, led by nickel prices following an cut in output from the world's largest mine
Indian state-owned refiners are to consider buying more US and Venezuelan crude after the trade deal with the US, Bloomberg reports
Russia's Kremlin says that the US has prohibited Russia and China from dealing with Venezuelan oil and are looking to discuss with the US about the restriction
[MARKET ANALYSIS] WTI and Brent nears USD 65 and 70/bbl respectively as Trump mulls sending another carrier near Iran
Iranian Foreign Ministry says they are ready to negotiate on the percentage of uranium enrichment and the size of its enriched stockpile
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The Kremlin's intention to discuss the restrictions may signal future negotiations, but the immediate implication suggests increased uncertainty which could drive oil prices and related currencies, particularly in energy sectors, while risk sentiment in equities could also be impacted.
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