World shares are mixed and crude prices soar $2 after Trump sanctions Russian oil giants

World shares were mixed on Thursday following a retreat on Wall Street, while crude prices jumped more than $2 after U.S. President Donald Trump announced sanctions on Russian oil giants. The sanctions against Rosneft and Lukoil are intended to drive Russian President Vladimir Putin to the negotiating table and help end Moscow’s brutal war on Ukraine. Meanwhile, European Union leaders were holding a summit Thursday, aiming to greenlight still more sanctions against Russia and press ahead with plans to use Moscow’s assets that are frozen in Europe to fund Ukraine’s war effort and economy for at least the next two years.