The possible effects of the US and UK oil and gas embargo on Russia

The UK and the US have announced that they will add an oil and gas embargo to the sanctions imposed against Russia. After the embargo decision, brent oil prices in global markets exceeded $ 130. So what happens if the oil embargo is reflected in the markets?

The embargo decision of the United States and the United Kingdom will affect about 3 percent of Russian crude oil and petroleum products exports. Therefore, it is foreseen that the impact of the embargo decision on oil prices may be limited.

Therefore, it is foreseen that the impact of the embargo decision on oil prices may be limited. It is estimated that oil prices will climb if Europe also imposes an oil embargo.

Therefore, it is foreseen that the impact of the embargo decision on oil prices may be limited. It is estimated that oil prices will climb if Europe also imposes an oil embargo.