"Now is the time to stop the killing and for an immediate ceasefire," Treasury Secretary Scott Bessent said. "Given President Putin’s refusal to end this senseless war, Treasury is sanctioning Russia’s two largest oil companies that fund the Kremlin’s war machine."
Gas prices to shoot up…. Note that this isn’t a complaint, just an observation.
There is an oil glut so prices are mostly falling. So the US has every reason to cut off foreign oil exports, to increase the global oil price.