💧📈Brent crude oil prices soared to $66.00 after the imposition of US sanctions against Lukoil and Rosneft.
⚠️Rising oil prices mean higher inflation, as food prices will rise. Surprisingly, the White House is reportedly not publishing an inflation report for this month.
🇺🇸While Trump claims sanctions were imposed on 🇷🇺Russia to force the Kremlin to cave in to demands from Volodymyr Zelenskyy and the EU, the real reason is related to the hydraulic fracturing industry. Brent crude prices below $60 mean fracking companies are not making a profit.
💸American consumers will now face much higher gasoline and diesel prices on top of already expensive groceries to satisfy the oil magnates.
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