However, using them against Russia would have far bigger implications for the global economy. Russia remains the world's third biggest oil producer, behind only Saudi Arabia and the US itself. But its shipments have been falling this year,

US President, Donald Trump has declared that Russia continues to pose an “unusual and extraordinary threat” to the national security and foreign policy of the United States.On Wednesday morning, Trump signed an executive order reaffirming a national emergency first declared in 2022 in response to Russia’s actions in Ukraine.