No decision yet from US on Russian oil import ban

The White House says it is in an "active discussion" over whether to suspend imports of Russian oil but no decision has yet been made, reported British Broadcasting Corporation (BBC).

The US imports more than 500,000 barrels of Russian crude per day.

That accounts for only about 8% of its overall oil imports, but any changes in supply could have serious consequences for Americans, said the BBC report.

Oil prices have surged to a 14-year high, while gasoline prices are near their national record.

Press secretary Jen Psaki on Monday said the surging price levels are "the direct result of the invasion of Ukraine" but prices were at a high level prior to the attack as well, BBC added.