◂ Event Timeline

Oct 23, 2025GEOPOLITICSGlobal

Oil price jumps and FTSE 100 hits new high after Trump puts sanctions on Russian firms

Oil jumped and the FTSE 100 hit a record high after Donald Trump announced new sanctions on Rosneft and Lukoil. Brent rose 5.7% to $66.13 as Trump increased pressure on Putin to end the war in Ukraine.

WHY IT MATTERS

New sanctions on Russia's largest oil producers remove supply from the market and lift crude prices. Higher energy costs raise production and transport expenses for feed makers.

AFFECTSCrude Oil (Brent)▲Crude Oil (WTI)▲

SOURCE
theguardian.comLauren AlmeidaOct 23, 2025

Price reaction & history

Crude Oil (Brent)▲bullishSO FAR1d +6.0%5d +4.1%20d +1.9%

After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.

Apr 2, 2026Oil price jumps and markets slide after Trump warning to Iran | Oil | The Guardian-2.8%
Oct 23, 2025Pump prices could rise after US, EU hit Russian oil companies with new sanctions and oil spikes | AP News+4.1%
Apr 2, 2020Trump says Saudis and Russians will not hike oil production, and price jumps - The Washington Post+49.5%
Mar 8, 2026Oil jumps to 2022 high on Iran war, falls after close as Russia sanctions in doubt | Reuters+9.5%
Jan 10, 2025Oil prices rally 3% as US hits Russian oil with tougher sanctions+5.4%

Crude Oil (WTI)▲bullishSO FAR1d +5.4%5d +3.3%20d +1.6%

After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.

Apr 2, 2026Oil price jumps and markets slide after Trump warning to Iran | Oil | The Guardian-2.2%
Oct 23, 2025Pump prices could rise after US, EU hit Russian oil companies with new sanctions and oil spikes | AP News+3.3%
Apr 2, 2020Trump says Saudis and Russians will not hike oil production, and price jumps - The Washington Post+23.3%
Mar 8, 2026Oil jumps to 2022 high on Iran war, falls after close as Russia sanctions in doubt | Reuters+8.5%
Jan 10, 2025Oil prices rally 3% as US hits Russian oil with tougher sanctions+7.0%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Linked price moves

Crude Oil (Brent)+6.5%1 period to Oct 23, 20254.0σ
Directly reports Brent rising 5.7% to $66.13 after Trump's sanctions on Rosneft and Lukoil, raising supply-risk sentiment.

Crude Oil (Brent) BRENT · GP ▸

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Crude Oil (WTI) WTI · GP ▸

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