India, Aug. 25 -- Crude oil jumped on Monday, with a pause in negotiations for a peace deal between Russia and Ukraine triggering anxiety about Western sanctions holding longer on Russian oil exports.
WTI Crude Oil for October delivery was last seen trading up by $1.20 (or 1.89%) at $64.86 per barrel.
To end the three-year-plus Russian war with Ukraine, US President Donald Trump threatened Russia with sanctions on its billion-dollar oil exports with additional "penalty tariffs" on its buyers and simultaneously pursued diplomatic efforts.
In the past two weeks, Trump held separate face-to-face meetings with Russian President Vladimir Putin in Alaska and later with Ukrainian President Volodymyr Zelenskyy at the White House.
Following the ...