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Trump’s oil sanctions hit home
Season 9 · Episode 240

Trump’s oil sanctions hit home

Big makes in oil as markets respond to Trump's sanctions on Russian producers.

NAB Morning Call · NAB - The Morning Call

October 23, 202514m 53s

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Show Notes

Friday 24th October 2025


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Donald Trump’s sanctions on two big Russian oil producers might be enough to stop India buying from them and could have a profound impact on Putin’s foreign earnings. That’s pushed oil prices higher, whilst equities have been boosted by news that Trump and Xi will meet next week to hammer out a deal.


NAB’s Skye Masters talks through the market response to the day’s news, plus a preview of the long-awaited CPI numbers, held back because of the government shutdown. There are concerns that it might not be as reliable as previous data. It’s certainly less timely.


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