Dutch International: Shadow of sanctions looms over the oil market, Russian exports interruption may lead to supply and demand imbalance.

In response to Trump's threat that if Moscow does not reach a ceasefire agreement with Ukraine within 10 days, the United States will impose additional tariffs on Russia, oil prices continue to rise. Brent crude and American WTI crude both rose by 0.6%, following a significant increase of over 3.5% in the previous trading day. The Netherlands International Group pointed out that the impact of U.S. sanctions on the oil market supply-demand balance will be quite significant, as Russia exports more than 7 million barrels of crude oil and petroleum products daily. Although this situation may provide space for OPEC+ to gradually lift production cuts, in the worst-case scenario, the global oil market will still maintain a supply shortage. Meanwhile, traders are closely monitoring the progress of U.S. trade negotiations and waiting for Federal Reserve Chairman Powell's speech to receive more clues about the future path of interest rate cuts.