Donald Trump’s threat to impose secondary sanctions on countries buying Russian oil is probably more symbolic than practical, leading oil analyst and senior fellow at the Carnegie Russia Eurasia Center,

Oil futures settle lower for a second straight session with the market continuing to brush off U.S. threats of sanctions against Russia and returning focus to the likelihood of oversupply after the hi...

According to the International Energy Agency, Russia's revenue from sales of crude oil and oil products in June declined by almost 14% from a year earlier to $13.57 billion.

The president also threatened new measures to increase economic pressure on Russia as he grows more frustrated with Putin.

Now President Donald Trump is betting that his go-to economic weapon — tariffs — can succeed where Ukrainian drones and rockets haven’t, and finally persuade Putin to end his war.

“He’s fooled a lot of people,” Trump said Monday at the White House, adding: “He fooled Clinton, Bush, Obama, Biden. He didn’t fool me.”