Baghdad: Oil held onto gains after President Donald Trump urged Russia to quickly reach a truce with Ukraine or face potential economic sanctions, raising concerns about potential disruption to crude supplies from an OPEC+ producer. Brent crude settled near $70 a barrel after closing up 2.3% in the previous session, marking its biggest gain in two weeks. West Texas Intermediate crude traded around $67. According to National Iraqi News Agency, Trump announced a new deadline of 10 to 12 days for Moscow to end hostilities with Ukraine. He warned of "secondary sanctions" if no agreement is reached, which could further complicate the situation for the oil market. The prospect of sanctions has heightened concerns over the stability of crude supplies from Russia, a key member of the OPEC+ alliance. The potential for disruption in oil supplies is particularly concerning given the current volatile state of the global energy market. Analysts are closely monitoring the situation, as any escalation could lead to signi ficant changes in crude prices. Russia plays a crucial role in the global oil supply chain, and any sanctions could have far-reaching impacts on the energy sector and the broader economy.