Oil price jumps and FTSE 100 hits new high after Trump puts sanctions on Russian firms
by Lauren Almeida and Jillian Ambrose from US news | The Guardian on (#70YS1)
Assets in US belonging to Rosneft and Lukoil frozen as shares in Shell and BP rise by 3%
Oil prices jumped and energy companies helped the FTSE 100 to a record high after Donald Trump announced new sanctions on Russia's two biggest oil producers.
Brent crude increased by 5.2% to $65.83 a barrel - a two-week high - after the news of the fresh restrictions on Rosneft and Lukoil, as the US president ramps up pressure on Vladimir Putin to end the war in Ukraine.
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