Trump looks to relax tanker sanctions
The administration of U.S. President Donald Trump is considering easing sanctions against oil tanker ships connected to Russia, Iran, and Venezuela in order to reduce high shipping costs that have disrupted global energy trade. This move would allow the transfer of unrestricted oil and petroleum products via sanctioned ships, potentially increasing supplies from the Gulf, subject to approval from the U.S. Treasury Department. These discussions come after Trump’s temporary suspension of sanctions on Russian diesel, which faced criticism due to concerns over boosting Russian funding for the war—particularly as oil and fuel prices rise ahead of the U.S. midterm elections.
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