{"id":53519,"date":"2025-09-23T14:38:26","date_gmt":"2025-09-23T18:38:26","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/global-tensions-drive-oil-higher-eu-targets-russian-energy-iran-sanctions-loom\/53519\/"},"modified":"2025-09-23T14:38:26","modified_gmt":"2025-09-23T18:38:26","slug":"global-tensions-drive-oil-higher-eu-targets-russian-energy-iran-sanctions-loom","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-tensions-drive-oil-higher-eu-targets-russian-energy-iran-sanctions-loom\/53519\/","title":{"rendered":"Global Tensions Drive Oil Higher, EU Targets Russian Energy, Iran Sanctions Loom"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>U.S. Crude Oil Futures<\/strong> settled at <strong>$63.41 per barrel<\/strong>, marking a <strong>1.81% increase<\/strong> amid ongoing geopolitical concerns.<\/li>\n<li>The <strong>European Union<\/strong> announced plans to fully transition away from Russian fossil fuels by <strong>2027<\/strong>, alongside new measures to ban <strong>Russian LNG imports<\/strong> and target oil traders.<\/li>\n<li>Concerns over the <strong>U.S. dollar&#39;s safe-haven status<\/strong> intensified as Bank of Canada Governor Tiff Macklem highlighted the impact of <strong>Trump&#39;s attempts to influence the Federal Reserve<\/strong> and &quot;Liberation Day&quot; tariffs.<\/li>\n<li><strong>UN sanctions<\/strong> on Iran are set to be reimposed by <strong>September 27<\/strong> if no progress is made in ongoing snapback discussions, with European powers stating Iran has yet to meet conditions.<\/li>\n<li><strong>OpenAI<\/strong> and <strong>Oracle (<a href=\"\/stock\/ORCL\">ORCL<\/a>)<\/strong> are reportedly expanding their data center operations in <strong>Texas<\/strong>.<\/li>\n<\/ul>\n<p>U.S. Crude Oil Futures closed at <strong>$63.41 per barrel<\/strong> today, rising <strong>$1.13 (1.81%)<\/strong>. This uptick reflects market sensitivity to global political developments and supply dynamics.<\/p>\n<p>The European Union is intensifying its pressure on Russia, with President Ursula von der Leyen stating that Europe will fully move away from Russian fossil fuels by <strong>2027<\/strong>. Discussions also addressed the Kremlin\u2019s provocations, including regular European airspace incursions. The EU is tightening its measures by banning <strong>Russian LNG imports<\/strong> and targeting refineries and oil traders in third countries. Von der Leyen&#39;s meeting with former President Trump at the UNGA focused on Russia\u2019s war in Ukraine, where they agreed on the urgent need to cut Russia\u2019s fossil fuel revenues.<\/p>\n<p>Meanwhile, the prospect of <strong>UN sanctions<\/strong> being reimposed on Iran looms, with a French diplomatic source indicating that if no progress is made by <strong>September 27<\/strong>, the sanctions will snap back. Discussions over the snapback continue, exploring all possibilities for a solution, but the &quot;ball is in Iran&#39;s court&quot;. Iran has reportedly still failed to meet the conditions set by European powers to avert the reimposition of sanctions.<\/p>\n<p>In North American financial news, Bank of Canada Governor Tiff Macklem expressed concerns about the continued independence of U.S. monetary policy, citing former President Trump&#39;s attempts to influence the Federal Reserve. Macklem noted that &quot;Liberation Day&quot; tariffs have called into question the <strong>U.S. dollar&#39;s safe-haven role<\/strong>, leading many investors to reconsider the dollar&#39;s value as a hedge.<\/p>\n<p>In corporate technology news, <strong>OpenAI<\/strong> and <strong>Oracle (<a href=\"\/stock\/ORCL\">ORCL<\/a>)<\/strong> are reportedly set to announce a significant data center expansion in <strong>Texas<\/strong>. This development highlights the growing demand for computing infrastructure to support advanced AI and cloud services.<\/p>\n<p>Separately, Ryan Routh was found guilty of an attempted assassination plot targeting former President Trump at a Florida golf club. When asked about trusting Russian President Putin, Trump responded, &quot;I&#39;ll let you know in about a month, OK?&quot;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways U.S. Crude Oil Futures settled at $63.41 per barrel, marking a 1.81% increase amid ongoing geopolitical concerns. The [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[5012],"tags":[5039,1073,5043,1947,5196,2004,5215,3710,5317,4180,6386,4461,7115,4824,8671,4945,5030],"class_list":["post-53519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","tag-eu","tag-lng","tag-technology","tag-oil","tag-russia","tag-usd","tag-un","tag-federal-reserve","tag-openai","tag-trump","tag-orcl-stock-orcl","tag-crude-oil","tag-oracle","tag-geopolitics","tag-iran-sanctions","tag-monetary-policy","tag-energy"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/53519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=53519"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/53519\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50383"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=53519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=53519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=53519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}