Eases Russian

• The Trump administration has suspended sanctions on Russian oil stranded at sea, a decision the European Union is actively pushing back against as counterproductive to international pressure on Moscow. • The move reflects competing priorities between managing energy prices during the Iran conflict and maintaining unified sanctions against Russia over its broader geopolitical actions. • EU officials argue that easing Russian oil sanctions undermines the coalition's ability to hold Russia accountable and contradicts the administration's stated commitment to allied coordination.

The US announced a 30-day easing of Russian oil sanctions on March 13, 2026, following a joint international release of record oil reserves that failed to curb barrel prices amid the Iran conflict. This move aims to alleviate rapidly rising energy costs for American consumers as global volatility persists. Despite the releases, oil prices remain elevated due to Iran's effective closure of the Strait of Hormuz, through which 20% of world traded oil passes. Analysts warn that prolonged war could exacerbate inflation and economic pressures in the US.

The United States announced a 30-day easing of sanctions on Russian oil on March 13, 2026, following a joint international release of record oil reserves that failed to lower barrel prices amid the Iran war. Global volatility from the conflict, now in its third week, exacerbates inflation pressures worldwide. This temporary measure aims to alleviate rapidly rising US fuel costs, though experts warn it may not suffice as Iran's Strait of Hormuz closure disrupts 20% of global oil trade.