💨 Abstract

Oil prices rose on Monday, with Brent surpassing $81 per barrel, as U.S. sanctions against Russia are expected to impact its crude exports to major buyers China and India. The new sanctions, announced on Friday, target key producers, vessels, and revenue sources for Moscow's war efforts. The sanctions are expected to push China and India to seek more crude from other regions, leading to higher prices and shipping costs.

Courtesy: theprint.in