💨 Abstract

Hungary plans to discuss higher oil prices caused by U.S. sanctions on Russia's oil sector with regional allies to mitigate the impact on their economy. The sanctions, announced by U.S. President Joe Biden, aim to give Ukraine and the incoming Trump administration leverage in reaching a peace deal. These sanctions have led to increased oil prices and concerns of higher prices for refined fuels in Central Europe.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖