The United States is studying the option of lifting sanctions on some countries to stabilize oil prices. US President Donald Trump spoke about this in a press conference, as he put it Lead BBC News.
Trump said: “We have sanctions against some countries. We will lift these sanctions until the situation stabilizes. And after that, who knows? Maybe we won’t have to impose them if there is peace.”
He did not specify which countries he was talking about. The bell PresumablyWhich Trump may have meant Russia.
On March 5, the US Treasury Department announced that it had lifted the ban on Russian oil purchases for Indian refineries for 30 days. This decision was made “to ensure the continuous flow of oil to the world market.” Afterwards, Treasury Secretary Scott Bessent said the US could continue to lift restrictions on Russian oil. According to him, there are “hundreds of millions of barrels of sanctioned oil at sea, and by lifting sanctions on them, the Ministry of Finance can create supply.”