Why has Trump eased sanctions on Russian oil - and will it help Putin?
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The Bottom Line
Trump eased sanctions on Russian oil despite officials saying it provides limited financial boost to Putin.
How This Affects You
Higher gas prices may result as Russian oil returns to global markets, potentially affecting fuel costs at the pump.
AI Summary
The US eased sanctions on Russian oil, with officials stating the move would provide only a limited financial boost to Putin.
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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.
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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>
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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…
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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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