Close Menu
Money MechanicsMoney Mechanics
    What's Hot

    Gilt yields surge to highest level since 2008

    March 23, 2026

    US Dollar Momentum Builds as Break Above 100 Comes Into Focus

    March 23, 2026

    War in Iran: Sliding toward a financial crisis

    March 23, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Gilt yields surge to highest level since 2008
    • US Dollar Momentum Builds as Break Above 100 Comes Into Focus
    • War in Iran: Sliding toward a financial crisis
    • There Are a Record 630,000 More Home Sellers Than Buyers
    • Why High-Net-Worth Families Need a Financial Quarterback
    • Is Your Portfolio Missing This Key Ingredient?
    • Why Gold Isn’t Shining Now (Plus, an Alternative That Is)
    • Beyond the 183-Day Rule: How to Protect Your Retirement Wealth After the Move to a Cheaper State
    Facebook X (Twitter) Instagram
    Money MechanicsMoney Mechanics
    • Home
    • Markets
      • Stocks
      • Crypto
      • Bonds
      • Commodities
    • Economy
      • Fed & Rates
      • Housing & Jobs
      • Inflation
    • Earnings
      • Banks
      • Energy
      • Healthcare
      • IPOs
      • Tech
    • Investing
      • ETFs
      • Long-Term
      • Options
    • Finance
      • Budgeting
      • Credit & Debt
      • Real Estate
      • Retirement
      • Taxes
    • Opinion
    • Guides
    • Tools
    • Resources
    Money MechanicsMoney Mechanics
    Home»Earnings & Companie»Energy»U.S. steps up pressure on Hungary to cut off Russian oil – Oil & Gas 360
    Energy

    U.S. steps up pressure on Hungary to cut off Russian oil – Oil & Gas 360

    Money MechanicsBy Money MechanicsOctober 28, 2025No Comments2 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    U.S. steps up pressure on Hungary to cut off Russian oil – Oil & Gas 360
    Share
    Facebook Twitter LinkedIn Pinterest Email


    (Oil Price) – The U.S. is increasing pressure on Hungary to cut off its reliance on Russian oil imports and vows to work with Hungarian authorities and neighboring countries to help Budapest wean off Russian supply, a senior U.S. diplomat says.

    U.S. steps up pressure on Hungary to cut off Russian oil – Oil & Gas 360

    Matthew Whitaker, the U.S. Ambassador to NATO, rejected in a Fox News interview suggestions from Hungarian politicians that the U.S. is giving Hungary a pass to continue importing Russian oil.

    “Hungary, unlike many of their neighbors, has not made any plans or made any active steps,” Whitaker told Fox News in an interview.

    “So we’re going to continue to work with them and we’re going to work with their neighbors like Croatia, and other countries that can help them wean themselves off,” the Ambassador added.

    The U.S. official made clear that the United States expects Hungary to cut off Russian oil imports in the future and come up with a plan to do so.

    “There’s a lot of planning that our friends in Hungary should do and we’re going to help them obviously, as a good ally, to make those plans and execute them to get them off of Russian oil and gas,” Whitaker told Fox News.

    Hungary, whose top officials have remained in contact with Russia’s leadership including Putin, has continuously clashed with its fellow EU member states over plans to ditch Russian gas by 2027 and cut off oil supply from Moscow as soon as possible.

    However, Hungarian Prime Minister Viktor Orban suffered diplomatic setbacks last week after the U.S. called off a Trump-Putin meeting in Hungary’s capital city Budapest and sanctioned the two biggest Russian oil firms, Rosneft and Lukoil.

    Orban suggested that “The battle is not over yet” over Hungary’s choice of oil supply.

    But the U.S. appears unfazed by the Hungarian pledges to find a way to work around the American sanctions and Whitaker told Fox News in no unclear terms that the United States expects Hungary to prepare a plan to wean itself off of Russia’s energy supply.

    By Tsvetana Paraskova for Oilprice.com



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleRetirees Flock to This Midwest Town for Its Unique Blend of Charm and Connectivity
    Next Article Curious About Early Retirement? See How 401(k) Balances Compare for Those in Their 40s and 50s
    Money Mechanics
    • Website

    Related Posts

    Brent prices remain elevated as U.S. considers measures to boost supplies – Oil & Gas 360

    March 23, 2026

    Ras Laffan attacks could reshape global LNG supply as outage timeline extends – Oil & Gas 360

    March 22, 2026

    North Dakota operators likely to increase crude output in March, regulator says – Oil & Gas 360

    March 22, 2026
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Gilt yields surge to highest level since 2008

    March 23, 2026

    US Dollar Momentum Builds as Break Above 100 Comes Into Focus

    March 23, 2026

    War in Iran: Sliding toward a financial crisis

    March 23, 2026

    There Are a Record 630,000 More Home Sellers Than Buyers

    March 23, 2026

    Subscribe to Updates

    Please enable JavaScript in your browser to complete this form.
    Loading

    At Money Mechanics, we believe money shouldn’t be confusing. It should be empowering. Whether you’re buried in debt, cautious about investing, or simply overwhelmed by financial jargon—we’re here to guide you every step of the way.

    Facebook X (Twitter) Instagram Pinterest YouTube
    Links
    • About Us
    • Contact Us
    • Disclaimer
    • Privacy Policy
    • Terms and Conditions
    Resources
    • Breaking News
    • Economy & Policy
    • Finance Tools
    • Fintech & Apps
    • Guides & How-To
    Get Informed

    Subscribe to Updates

    Please enable JavaScript in your browser to complete this form.
    Loading
    Copyright© 2025 TheMoneyMechanics All Rights Reserved.
    • Breaking News
    • Economy & Policy
    • Finance Tools
    • Fintech & Apps
    • Guides & How-To

    Type above and press Enter to search. Press Esc to cancel.