Trump: Sanctions on Russian oil likely soon

U.S. President Donald Trump confirmed that the United States will soon be able to reimpose sanctions on Russian oil, during the G7 summit, as leaders seek to increase pressure on Moscow over its invasion of Ukraine. He added that oil is currently flowing through the Strait of Hormuz following an agreement with Iran to end the Middle East conflict. Washington had previously extended a waiver on sanctions for Russian oil shipments in the sea, which raised concerns among European allies.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article