Sanctions Shock Lifts Gasoil; Palm Oil Faces Indonesia’s Military Grip
The market was jolted today as ICE gasoil futures surged sharply, climbing more than 6% in one of the largest single-day moves this quarter. The rally followed coordinated sanction announcements from both the European Union and the United States that expanded the list of Russian entities under SDN restrictions, including Rosneft and Lukoil.
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