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Trump Administration Temporarily Lifts Russian Oil Sanctions Amid Iran War-Driven Price Surge
24 articles |
Updated 17h ago |
Created 2d ago
The U.S., under President Donald J. Trump, has temporarily lifted restrictions on certain sea-bound shipments of crude oil from Russia in an effort to curb surging global prices driven by ongoing tensions linked to Iran's war with Israel and other regional conflicts that have pushed Brent Crude above $100 per barrel for the first time since August 2022.
Key Points
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1The U.S. administration under Donald Trump has temporarily lifted sanctions on Russian oil shipments to stabilize global markets amid soaring energy prices.
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2This decision specifically targets crude already loaded at sea, granting a waiver for approximately three months (30 days) and covering over 125 million barrels in transit due to supply disruptions from the Iran war.
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3Treasury Secretary Scott Bessent stated that easing these sanctions is necessary because global prices have surged past $98 per barrel as shipping routes between Russia, Europe, Asia, Africa, India, China, and Japan remain blocked.
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4The move comes after Trump publicly criticized Iranian leaders on X (formerly Twitter), calling them 'deranged scumbags' in response to the escalating conflict.
Developments
2026-03-14
Trump administration temporarily lifts sanctions, allowing over $5 billion worth of Russian oil already at sea (approx. 7 million barrels) to be shipped globally.
Mar 18:59 - Mar 20:34
Multiple news outlets report the Trump administration's decision on March 13, citing Treasury Secretary Scott Bessent and global price spikes above $97-$98/barrel.
⚡Trump's latest move hands Putin 'jackpot' as US eases Russian oil sanctions.
Kyiv Independent
1d ago