India, Sept. 1 -- Oil prices traded higher on Monday, driven by renewed threats to Russian supply following fears of supplementary tariffs by the European Union.
Benchmark Brent crude futures jumped 0.8 percent to $68.05 a barrel in European trade, while WTI crude futures were up 1 percent at $64.62.
As Russia-Ukraine war wages on, the European Union's two biggest economies have reportedly agreed to push for measures targeting companies from third countries that support Russia's war.
The leaders of Europe's two biggest economies on Friday agreed to accelerate measures targeting Russia's war machine, including "companies from third countries that support Russia's war", according to a joint statement after the meeting in the southern Frenc...