Oil price jumps and FTSE 100 hits new high after Trump puts sanctions on Russian firms

The Guardian ^ | Thu 23 Oct 2025 | Lauren Almeida and Jillian Ambrose

[Kazan]

Oil prices jumped and energy companies helped the FTSE 100 to a record high after Donald Trump announced new sanctions on Russia’s two biggest oil producers.

Brent crude increased by 5.2% to $65.83 a barrel – a two-week high – after the news of the fresh restrictions on Rosneft and Lukoil, as the US president ramps up pressure on Vladimir Putin to end the war in Ukraine.

The jump in oil price also boosted shares in the energy companies Shell and BP by about 3%, which in turn helped to drive the FTSE 100 to a record high of 9,594.82.

[Kazan]

Doubling down on Biden's failed strategy and pandering to neocons by implementing sanctions that increase oil and gas prices and inflation is most certainly NOT what Trump supporters voted for.

[Owen]

The Permian guys say peak is next year. Scarcity is crushing.

A price increase may be able to postpone that a few months, so a price increase has non-consumer effects.

[marcusmaximus]

Russian hoe mad.

[traderrob6]

Mustn’t pi$$ off Putin.

[spintreebob]

Hopefully this makes pulling oil from Alaska and the middle east and the rest of the world more attractive and long run continues the Trump success in bringing the price of oil down.

Currently in GA gasoline is cheap compared to Trump 1 and Biden 1.

[Dacula]

I bought a tank of gas for $2.50 this morning just north of Atlanta. I am glad that I did.

[Revel]

The price of gas here just got down to $3.10 which is above the price it was when Trump took office. I bet it goes back up to 3.20 to 3.30 within days. They always jump on any excuse to raise the price. They never jump on any reason to lower it.

[Miami Rebel]

WTI is down $14 since January.

[Mariner]

This is CONTRARY to US interests.

[adorno]

Doubling down on Biden's failed strategy and pandering to neocons by implementing sanctions that increase oil and gas prices and inflation is most certainly NOT what Trump supporters voted for.

Trump is doubling down on trying to end the war, while you double-down in trying to defend Putin's aggression and invasion.

I'm with Trump, while you can continue to supporting Vlad the Invader.

BTW, the war will end, and Putin will lose no matter how the war ends. He can agree to a deal, or he can continue with the war with a big loss. Either way, Putin loses.

You need to advice Putin that a deal to end the war would be much better for Russia.

Putin is not getting his way with Trump or with Zelensky. And you are not getting your way wither. Sorry for your loss.

[adorno]

The Permian guys say peak is next year. Scarcity is crushing.

Predictions for 'peak oil' have always been false.

Oil is a renewable earth product. The earth continue to produce oil, even as it's being used in huge amounts.

Oil was never dependent on Jurassic or Permian period die-offs of dinosaurs. Fossils are not the main producers of the oil that is present all the time.

[nickcarraway]

He has the exact opposite strategy of Biden.

[Miami Rebel]

With new technologies, more oil and gas are recoverable.

But your idea that “oil is a renewable earth product” is truly bizarre. If not fossils, then what are the “main producers”???

[nickcarraway]

But Putin is our master?

[adorno]

This is CONTRARY to US interests.

We have interests all over the world, and especially in Europe, and Ukraine just happens to be part of Europe.

We have almost no interest in Russia, but we do have a major interest in seeing the Russian military crumble. So, with no oil or less oil that goes to the military in Russia, the better it is for OUR INTERESTS, and the interests of the world.

[Mariner]

“We have interests all over the world, and especially in Europe, and Ukraine just happens to be part of Europe. “

Yes we do.

Especially in Asia.

But we have no interests whatsoever in Ukraine.

[ducttape45]

I noticed just a couple days ago that gas prices here in north central Indiana just from $2.69 to $3.29. I was gonna fill up but I wanted to wait and see if prices would come down. I’m not sure they will.

[rottweiller_inc]

“Russian hoe mad.”

I guess they are..I read they are calling it an act of war by the US.

[adorno]

With new technologies, more oil and gas are recoverable.

Oil may be available in all parts of the world. It's just a matter of finding it and using technology to get at it.

But your idea that “oil is a renewable earth product” is truly bizarre. If not fossils, then what are the “main producers?

Algae grows all over the world, and deep underground and everywhere, algae are busy reproducing and growing massively.

We don't need to 'feed' algae in order to get them to give us what we need. But it is probably our main producer of energy and the planet's availability of algae is renewable.

Algee grows better under sunlight, tut it also grows underground.

Algae produce oil, and some species can store high amounts of it, making them a source for biofuels and other commercial products. Algae convert sunlight and carbon dioxide into energy-storing lipids (oils), with some strains containing 20-50% or more of their dry weight as oil. This oil can be extracted and refined into usable products like biodiesel and even crude oil substitutes.

Also: Algae Oil: A Sustainable Renewable Fuel of Future

https://pmc.ncbi.nlm.nih.gov/articles/PMC4026879/

[adorno]

But Putin is our master?

As a Russian, yes Putin is YOUR master.

Why aren't you in the battlefield dying for him?