US President Donald Trump warned Wednesday that more punishment was coming for countries buying Russian energy products after slapping a 25% tariff on India that is supposed to go into effect Thursday.

Oil futures rose Wednesday, bouncing back from a five-week trough hit the day before, supported by expectations of tighter U.S. sanctions on Russian oil buyers. By 08:55 ET (12:55 GMT), October Brent crude futures were up 1.

The administration alleges that 50% of the musician's royalties on streaming platforms go directly tothe Cartel del Noreste.

The Trump administration said it was sanctioning Mexican musician Ricardo Hernández, known as “El Makabelico,” over allegations that the artist was laundering money for a drug cartel.

The U.S. Treasury Department on Wednesday announced sanctions on assets of four individuals that it linked to Mexico-based Cartel del Noreste, including the popular hip-hop artist El Makabelico. The sanctions target three "high-ranking members" of Cartel del Noreste (Northeast Cartel),

The White House said new secondary sanctions against Russia will kick in on Friday, even though a meeting between US special envoy Steve Witkoff and Russian President Vladimir Putin “went well” on Wednesday.

The envoy, Steve Witkoff, passed along “signals” from President Trump, according to an aide to President Vladimir V. Putin. Mr. Witkoff was making his fifth visit to Russia this year.