Trump Indicates Possible Reimposition of Russian Oil Sanctions

U.S. President Donald Trump announced that the United States will soon be able to reimpose sanctions on Russian oil during the G7 summit, amid efforts by leaders to intensify pressure on Moscow over its invasion of Ukraine. He also indicated that navigation through the Strait of Hormuz will soon resume following an agreement with Iran, despite Washington extending exemptions from sanctions on Russian oil shipments, which raised concerns among its European allies.

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