Trump’s Russian oil sanctions shake energy markets
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 24 October 2025
⏱️ 13 minutes
🧾️ Download transcript
Summary
US President Donald Trump’s sanctions on Russian oil companies shook energy markets on Thursday, and the US president pardoned Binance co-founder Changpeng Zhao. Plus, President Javier Milei’s economic plan rests in the hands of this weekend’s midterms elections in Argentina.
Mentioned in this podcast:
Trump’s oil sanctions shake India and energy markets
Donald Trump pardons Binance crypto founder Changpeng Zhao
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Today’s FT News Briefing was produced by Victoria Craig, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Michela Tindera, Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.
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Transcript
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| 0:00.0 | Good morning from the Financial Times. Today is Friday, October 24th, and this is your FT News briefing. |
| 0:08.7 | Sanctions on Russian oil groups have thrown a wrench into the oil market, and the U.S. partened another |
| 0:14.5 | crypto executive yesterday. Plus, Argentina heads to the polls for midterm elections this weekend. |
| 0:20.6 | It's a make-or-break moment for President Javier Malay. |
| 0:23.9 | If Malay loses the mid-terms, Trump could pull the plug on that loan, |
| 0:27.7 | which would be pretty disastrous at this point for the peso. |
| 0:31.0 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:41.8 | Thank you. day. U.S. |
| 0:42.5 | President Donald Trump this week imposed what he described as massive sanctions on Russian |
| 0:47.1 | oil giants, Rosnev, and Luke Oil, and their subsidiaries. |
| 0:51.8 | Look, the president has always maintained that he would implement sanctions on Russia |
| 0:56.2 | when he felt it was appropriate and necessary. |
| 0:59.7 | And yesterday was that day. |
| 1:01.7 | That's White House Press Secretary Carolyn Levitt. |
| 1:04.5 | Trump wants to strong-arm Russian President Vladimir Putin to the negotiating table to end |
| 1:08.8 | the war in Ukraine. Oil prices surged higher in response to the sanctions, and the move could have huge implications |
| 1:15.5 | for the energy market. |
| 1:17.2 | The FTs U.S. Energy editor, Jamie Smith, has been following all this. |
| 1:20.4 | Hi, Jamie. |
| 1:21.4 | Hi, Mark. |
| 1:22.4 | So why did Trump decide now is the time to take such a substantial step, especially given that |
| 1:28.3 | his predecessor Joe Biden decided to avoid it altogether? |
... |
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