Hungary has urged the European Union to suspend sanctions on Russian oil as global crude prices surge above US$100 per barrel amid Middle East tensions. BUDAPEST: Hungarian Prime Minister Viktor Orban urged the European Union to suspend sanctions on Russian oil and gas Monday (Mar 9) to counter prices sent soaring by the war in the Middle East. Oil prices have rocketed above US$100 a barrel for the first time since Russia's invasion of Ukraine in 2022, as Iran carries out retaliatory strikes