The price of oil rose by more than 2% after Trump's statements on Ukraine

The price of oil increased by more than 2% after the resumption of geopolitical concerns due to the establishment by US President Donald Trump of a new deadline for reaching a truce between Russia and Ukraine. This was announced on July 28 by the Trading Economics portal.

"WTI crude oil futures jumped more than 2% to $66.70 per barrel on Monday, driven by renewed geopolitical concerns after US President Donald Trump set a deadline for Russia to agree to a truce in Ukraine," the publication says.

It is clarified that the 18th package of EU sanctions, which includes a price ceiling for Russian oil, also played a role.

We reached the barrel: The EU has agreed on the most widely publicized 18th package of sanctions

What measures, companies and banks are included in it, and why did Slovakia falter?

On July 27, the US president announced the conclusion of a trade deal with the European Union. 15% duties will be imposed on European imports. Europe is also committed to purchasing $750 billion worth of energy from the United States.

On July 28, Trump also announced a new deadline of 10-12 days for Russia to agree to a cease-fire in Ukraine, instead of the previous 50-day deadline. Back on July 14, he announced the introduction of secondary duties by the United States of 100% against the Russian Federation if a settlement of the conflict in Ukraine is not reached in 50 days.

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