Overview

• President Trump has threatened additional sanctions and 100% secondary tariffs on countries trading with Russia if it fails to end the war in Ukraine within his 10–12 day deadline.
• Brent crude is projected to climb from about $72 to a short-term target of $76 and reach $80–82 by the end of 2025 with downside support at $69.
• West Texas Intermediate (WTI) is expected to rise from $69.65 to $73 in the near term and to $76–79 by year-end, with a $65 support floor.
• Energy experts warn that disrupting Russia’s roughly 5 million barrels-per-day export flow could trigger a spike to $100–120 per barrel amid limited spare OPEC+ capacity.
• Market participants are closely watching U.S. inventory levels, the Federal Reserve’s upcoming rate decision and the strength of the dollar for signs of price restraint.