Abstract:The European Commission, the executive arm of the EU, had decided to put forward new sanctions against the Kremlin, which will include a six-month phase out of Russian crude imports.


The European Commission, the executive arm of the EU, had decided to put forward new sanctions against the Kremlin, which will include a six-month phase out of Russian crude imports. This sanctions has caused so many economic changes including the rise in Oil prices continue to soar as. The European Commission addressed that some of its members are highly dependent on Russian oil, but remained unabated on their proposal.
Russias unprovoked invasion of Ukraine, and evidence of war crimes, has pushed the European Union to take bolder steps on energy sanctions. But imposing measures that could reduce, or fully cut, Russian energy supplies to the EU has been a complicated task for the bloc.
This is because the region is reliant on Russia for several sources of energy, including oilThe 27-member block must unanimously agree for the sanction to push through, and the majority seems to support it. All imports including refined products, both from seaborne and pipeline routes would be banned under the proposal.
Next shocker in the market this month is the drawdown of crude oil reserves in the United States, pushing oil prices through the roof. Worse is that this is anticipated to continue through October. Therefore Oil prices appear to be on track to advance higher in the foreseeable future, as the daily charts show a sustained ascending trendline.

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Times are tough for the rupee as it again slipped to 95 against the USD towards the end of April 2026 after some gains due to the RBI-led interventions early this month. The depreciation is largely attributable to surging crude oil prices. The prices climbed to their 3-year high over the US-Iran conflict. On April 30, 2026, the rupee opened at 95.02 mark against the USD, sliding 0.2% from its previous day’s ending at 94.84 against the greenback. As the day progressed, it slipped further to a new record low of 95.32 against the USD, beating the earlier fall of 95.22 in March 2026.

When you ask, "Is AssetsFX legit?", you're asking an important question about keeping your funds safe. After looking at all the available information, the answer is concerning: AssetsFX shows serious risks that traders should worry about. Our research found multiple problems that can't be overlooked. WikiFX, a website that checks brokers worldwide, gives AssetsFX only 2.44 points out of 10. They also warn users: "Low score, please stay away!" This very low rating isn't random. It comes from two main problems: the company doesn't have proper licenses from respected authorities, and many users have complained about losing funds. This article will explain the evidence behind this rating, giving you the facts you need to make a smart choice and protect your investments.

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