Sweeping U.S. sanctions on Russia's oil industry will make it more expensive for Moscow to sell its oil and complicate sea-borne crude exports due to restrictions on tankers, analysts and traders said on Monday.

Oil prices rose to their highest in more than four months as wider U.S. sanctions against Russia’s energy industry threaten to disrupt global supplies.

Talk us through the impact that these sanctions have had on the global oil markets, the details why they are proving significant. Well, this is the first time that the Biden administration, as their last sort of act,

The Biden administration is cracking down on the Russian “shadow fleet” and taking steps to curb oil and gas production.

Washington now has freer hand in restricting Russian oil amid predictions of a global glut.

The Kremlin said on Monday that the latest round of U.S. sanctions on the Russian energy sector risked destabilising global markets, and Moscow would do everything possible to minimise their impact. "It is clear that the United States will continue to try to undermine the positions of our companies in non-competitive ways,