Trump says will waive some oil sanctions after talks with Putin
Quick Insights
The Bottom Line
President Trump plans to waive some oil sanctions after talks with Russian President Putin to lower prices.
How This Affects You
This policy change could lead to lower gasoline prices at the pump for consumers, potentially saving money on transportation costs.
AI Summary
President Donald Trump announced Monday his intention to waive certain oil sanctions to increase supply and lower prices amidst Middle East market turmoil. The President did not specify which sanctions would be lifted or name any particular country. His comments followed a discussion with Russian President Vladimir Putin, whose nation faces significant oil sanctions from the U.S. and Europe. This development suggests a potential shift in U.S. energy policy, aiming to stabilize global oil markets. The full implications for international relations and energy prices remain to be seen.
What's Being Done
President Trump announced his intention to waive certain oil sanctions to increase supply and lower prices.
Following this story?
Get notified when new coverage appears
This article is part of a story we're tracking:
Should this be getting more attention?
You Might Have Missed
Related stories from different sources and perspectives
PoliticsTrump says US is waiving certain oil-related sanctions to ensure supply - Reuters
<a href="https://news.google.com/rss/articles/CBMivAFBVV95cUxOY2hoRHduMmoyTDE5d09iS3VQTWtpT2FXYVFrU01SSHlxLUY3V0pNUFJWcW1rS3lhSl9sYUlGRXZCR28zRFdvcWRueVJTOVZwcHBHd01nNWdZTWw3ZnYta3FTZFFqNWxwNVc0ZDlEaDNXdU1uNXgyTERBV2ZXelp1NjFfNk5XVUdtV2pQaGROZkJxODYxM0hoUWFsNkZjUnZlV1M1NGxFbEZhaGFmWXVkUXdoZDl2VjY1dXBoTA?oc=5" target="_blank">Trump says US is waiving certain oil-related sanctions to ensure supply</a> <font color="#6f6f6f">Reuters</font>
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 ...
PoliticsHow Trump suspending sanctions on Russian oil helps Putin’s war effort - The Washington Post
GlobalPutin's 'hidden hand' likely helping Iran against Trump, says UK minister
Vladimir Putin's "hidden hand" is likely helping Iran respond to Donald Trump's war, the UK defence secretary has said, as it emerged that Iranian-linked drones hit a base in Iraq where some British troops are located.
PoliticsSenate Democrats press for investigation into moves to ease Russia oil sanctions
Democratic senators are demanding answers after the Trump administration moved to ease sanctions on Russian oil reserves in an attempt to offset the impact of the U.S.-Israeli strikes on global oil supplies. The minority members on the Senate Committee on Banking, Housing and Urban Affairs requested a congressional hearing with Treasury Secretary Scott Bessent by…
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.
Israel’s Deadly Blockade Traps 7 U.S. Doctors in Gaza
Doctors who went to Gaza said Israel’s suspension of travel puts vulnerable patients at risk after years of genocide. The post Israel’s Deadly Blockade Traps 7 U.S. Doctors in Gaza appeared first on The Intercept .
Did this story change how you see things?
Stories like this only matter when people see them. Help us get verified journalism in front of more eyes.
The Verity Ledger curates verified investigative journalism from trusted sources only.
See our sourcesMost Read This Week
Whitmer's office calls for probe into why weather service didn't issue tornado watch - The Detroit News
Defense official reveals how AI chatbots could be used for targeting decisions
Rubio designates Afghanistan as ‘state sponsor of wrongful detention’
Senate Democrat calls for investigation into Texas drone incidents
WADA to weigh barring Trump, US officials from LA Olympics and possibly World Cup over unpaid dues - AP News
