Oil Prices Rise Despite Trump’s Decision to Lift Russia Sanctions - The New York Times
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The Bottom Line
Oil prices increase despite policy changes intended to boost supply through sanctions relief
How This Affects You
Higher oil prices may translate to increased gasoline and heating costs for consumers
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What's Being Done
Trump administration lifted Russia sanctions to potentially increase oil supply
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‘I don’t give a shit about Iran. I don’t want to pay higher gas’: Motor City motorists feel pinch as gas prices surge
Trump administration allows for Russian oil sales as energy prices soar - The Washington Post
Trump news at a glance: president shrugs off highest gas prices in years
This article is part of a story we're tracking:
Economy & Markets
Monitoring the US and global economy including inflation, employment, Federal Reserve policy, trade tensions, market volatility, housing affordability, and the financial pressures facing American households.
Trump's Influence on US Politics and Foreign Policy
Former President Donald Trump continues to exert significant influence on US politics, from taunting foreign leaders and shaping primary elections to making controversial statements on immigration and foreign policy, including his stance on the ongoing Iran conflict.
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PoliticsUS eases some Russian oil sanctions but crude prices stay high - AP News
<a href="https://news.google.com/rss/articles/CBMinAFBVV95cUxPM3ZXeGtFaXduVC1QR0x1UlBSRHpjR3JuN3VZVDVNT2tXSlNzYU03WVMzcFBvcFM4YXhvZkc2b0I3dlozT2hzbUFiQ2l6NXQ5bjl6R21DX000ZTBULWR5TlRpNmR2MjNVRng5VFVfRVRWQmNjWFlOQlgwZXRFLTlvdTNGMWtSVFBJQjN0d0Rld1JIMFVlZEcxemVIRXo?oc=5" target="_blank">US eases some Russian oil sanctions but crude prices stay high</a> <font color="#6f6f6f">AP News</font>
PoliticsExclusive: Trump reviews options to curb energy prices as Iran strikes roil markets - Reuters
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GlobalTrump says will waive some oil sanctions after talks with Putin
US President Donald Trump said Monday that he will waive some sanctions on oil to boost supply and bring down prices, due to market turmoil over war in the Middle East. Trump did not specify any country or provide details on which sanctions would be lifted, but his comments came after speaking to Russia’s Vladimir Putin, a country that has been put under strict oil sanctions by the US and Europe since the invasion of Ukraine.
PoliticsScoop: Trump eases Venezuela sanctions on oil, fertilizer to blunt Iran war costs
<p>The Treasury Department made it easier Friday for U.S. businesses and farmers to buy Venezuelan fertilizer and oil as their prices rise because of the <a href="https://www.axios.com/world/iran" target="_blank">Iran war,</a> Axios has learned.</p><p><strong>Why it matters</strong>: The bottleneck of tankers in the Persian Gulf because of Iranian attacks has caused the costs of oil and fertilizer, a petrochemical product, to jump. It threatens to spike inflation and raise the <a href="https://www.dw.com/en/iran-us-israel-war-food-crisis-prices-fertilizer-energy-costs-inflation/a-76286348" target="_blank">cost </a>of food in the U.S.</p><hr><ul><li>By reducing sanctions on oil-rich Venezuela, <a href="https://www.axios.com/2026/03/13/iran-war-trump-officials-ship-escorts-hormuz-strait" target="_blank">Treasury Secretary Scott Bessent</a> hopes to increase supplies in the U.S. and lower prices.</li></ul><p><strong>Zoom in:</strong> The Office of Foreign Assets Control, which manages ...
PoliticsTrump says some sanctions to be lifted on oil producers amid Iran war
Crude oil prices plunge below $90 a barrel following an earlier surge to almost $120 in price swing over 24 hours.
FinanceU.S. gas prices still rising despite stabilized crude oil prices
The war with Iran continues to impact energy prices globally with Americans seeing another rise on prices at the pump. Patrick De Haan, head of petroleum analysis for Gas Buddy, joins CBS News to discuss.
Judge blocks Trump administration's subpoenas against Fed Chair Powell
A federal judge blocked two grand jury subpoenas against Federal Reserve Chair Jerome Powell on Friday. Chief Judge James Boasberg wrote that "the Government has offered no evidence whatsoever that Powell committed any crime other than displeasing the President."
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