On Jan. 10 the US Treasury’s Office of Foreign Assets Control sanctioned 161 tankers and traders involved in about 2,000 shipments since the invasion began. It also acted against Moscow-based ship insurers and two companies — Surgutneftgas and Gazpromneft — which in the first 10 months of last year accounted for almost 30% of Russia’s oil exports.

Global diesel prices and refining margins spiked following the latest round of U.S. sanctions on Russia's oil trade on expectations the measures would tighten supplies, according to analysts and LSEG data.

Oil prices were on track for weekly gains of more than 2%, boosted by supply disruption concerns following the latest round of U.S. sanctions against Russia. Brent crude was up 0.3% at $81.59 a barrel,

Oil prices edged higher on Friday and were headed for a weekly gain on supply concerns, as the US imposes new sanctions on Russia’s energy industry amid the war with Ukraine. Brent, the benchmark for two thirds of the world’s oil,

Oil prices closed lower on Friday but strengthened for a fourth-consecutive week, as the latest U.S. sanctions on Russian energy trade added to worries about oil supply disruptions. Brent crude futures dipped 50 cents,