Oil prices fell on Monday, as the latest European sanctions on Russian oil are expected to have minimal impact on supplies, while U.S. tariffs stoked demand concerns. Brent crude futures dropped 26 cents,

This is a strong step in the right direction but the goal is to shut down oil and gas purchases from Russia until Putin gets to the peace table,' says Lindsey Graham - Anadolu Ajansı

NEW DELHI — In an unprecedented move, the European Union has imposed sanctions on an Indian oil refinery, targeting Nayara Energy’s Vadinar facility in Gujarat over its Russian ownership links. The refinery is partially owned by Russian state-run oil major Rosneft, which holds a 49.1% stake.