Trump: Sanctions on Russian Oil Possible Soon
U.S. President Donald Trump announced that the United States will soon be able to reimpose sanctions on Russian oil during the G7 summit, as leaders seek to tighten sanctions on Moscow due to its invasion of Ukraine. He pointed out that oil is now flowing through the Strait of Hormuz following an agreement with Iran to end the war, while Washington has extended the waiver on sanctions for Russian oil shipments in the sea, raising concerns among European allies.
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