# Why Trump's crackdown on a Russian called Oleg is hitting Australia

> The Australian dollar fell nearly two cents against the US dollar in under a week as US bond yields spiked. The move followed US sanctions and trade policies, including actions against Russian aluminum producer Rusal, and rising oil prices linked to OPEC output caps.

- Date: 2018-04-24 · published 2018-04-24T12:00:00.000Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/65758-why-trump-s-crackdown-on-a-russian-called-oleg-is-hitting-australia
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Sanctions-driven metals and oil strength combined with higher US yields lifts the dollar and pressures Australian currency, with energy costs feeding into feed and freight expenses.

## Read by commodity

- DXY: bullish ▲
- WTI: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-09-28 | [Why The Oil Rally Is Slowing Down \| OilPrice.com](https://feedsoft.ai/events/63203-why-the-oil-rally-is-slowing-down-oilprice-com.md) | +3.1% | -6.8% |
| WTI | 2025-07-31 | [WTI Reclaims $70 as Trump Targets India Over Russian Oil Ties \| Investing.com](https://feedsoft.ai/events/23934-wti-reclaims-70-as-trump-targets-india-over-russian-oil-ties-investing-com.md) | -8.0% | -9.0% |
| WTI | 2018-09-24 | [OPEC, Russia rebuff Trump's call for immediate boost to oil output](https://feedsoft.ai/events/62928-opec-russia-rebuff-trump-s-call-for-immediate-boost-to-oil-output.md) | +3.4% | -2.3% |
| WTI | 2025-03-31 | [Oil climbs as Trump warns of tariffs on Russian oil buyers and bombing of Iran – ThePrint – ReutersFeed](https://feedsoft.ai/events/25756-oil-climbs-as-trump-warns-of-tariffs-on-russian-oil-buyers-and-bombing-of-iran.md) | -10.5% | -9.7% |
| WTI | 2020-04-02 | [Oil rallies as Trump talks up truce hopes for Saudi-Russia price war](https://feedsoft.ai/events/5490-oil-rallies-as-trump-talks-up-truce-hopes-for-saudi-russia-price-war.md) | +23.3% | -2.7% |
| DXY | 2022-02-28 | [Australian Dollar down on Russia sanctions, ignores retail sales data. RBA eyed ahead \| IG AU](https://feedsoft.ai/events/42949-australian-dollar-down-on-russia-sanctions-ignores-retail-sales-data-rba-eyed.md) | +1.2% | +0.5% |
| DXY | 2022-04-27 | [Euro slides to five-year low on Russian energy supply, slowdown fears](https://feedsoft.ai/events/8287-euro-slides-to-five-year-low-on-russian-energy-supply-slowdown-fears.md) | +0.6% | -0.3% |
| DXY | 2026-03-02 | [Dollar Gains as Iran Conflict Spreads. Why the Greenback Is a Haven Again. - Barron's](https://feedsoft.ai/events/10717-dollar-gains-as-iran-conflict-spreads-why-the-greenback-is-a-haven-again-barron.md) | +1.4% | +2.6% |

## Sources

- smh.com.au: https://www.smh.com.au/business/banking-and-finance/why-trump-s-crackdown-on-a-russian-called-oleg-is-hitting-australia-20180424-p4zbc3.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.