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Evening Standard
Evening Standard
Business
Simon English

Oil soars again on EU Russia deal, petrol prices to keep rising

European Union Oil Russia United States Vladimir Putin Petrol

OIL prices jumped again after EU leaders agreed a deal to block two-thirds of Russian oil imports to starve Vladimir Putin’s war machine of revenues.

While that deal agreed overnight, which bans oil that arrives by sea but not by pipeline, was hailed as a political break through, it further constrains supply.

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