Australian shares are poised to rebound from Friday’s loss; energy prices soar as the White House weighs banning Russia oil imports. Follow the latest here.
The US and its European allies are discussing a possible ban of Russian oil imports to tighten the economic squeeze on President Vladimir Putin over the war in Ukraine, Secretary of State Antony Blinken said.
Discussions on the possible impact of a ban on US imports of Russian crude are taking place within the Biden administration and with the oil and gas industry, people familiar with the matter said last week. Democratic senator Joe Manchin, who is in a bipartisan group of legislators backing a bill to impose the restriction, suggested Sunday that the US go it alone.
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