Oil Sanctions

Treasury secretary Scott Bessent says move will bring 140m barrels to market but insists Tehran will not benefitThe Trump administration has issued a 30-day sanctions waiver for the purchase of Iranian oil at sea to ease energy supply pressures since the start of the US-Israeli war on Iran, US treasury secretary Scott Bessent said.It is the third time the US has temporarily waived sanctions in about two weeks. Continue reading...

US treasury secretary says actions will increase oil supply and bring down prices, but long-term effects in questionThe US may soon remove sanctions on Iranian oil stranded on tankers at sea, the treasury secretary, Scott Bessent, said on Thursday as Washington seeks to curb prices soaring over Iran’s closure of the strait of Hormuz.“In the coming days, we may un-sanction the Iranian oil that’s on the water. It’s about 140m barrels,” Bessent said during an appearance on Fox Business Network’s Mornings with Maria. Continue reading...

• 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.

• NATO leaders have called on President Trump to reverse his decision to suspend sanctions on Russian oil as the Iran conflict creates energy market volatility. • The call reflects concerns among European allies that easing Russian oil sanctions could destabilize energy markets further while undermining coordinated Western policy on Russia. • The disagreement between Trump and NATO allies over Russian sanctions policy during the Iran crisis highlights geopolitical divisions among Western nations at a critical moment.

NATO alliance leaders have called on President Trump to lift the recent suspension of sanctions on Russian oil, citing risks to European security and energy markets following U.S. waivers for stranded cargoes. The plea comes as global gas prices rise, with EU officials pushing back against the U.S. policy shift. Transatlantic friction escalates as Trump prioritizes American consumers, potentially straining alliance unity ahead of summits. Energy experts predict prolonged market volatility if policies remain divergent.

The U.S. under President Trump expanded waivers on Russian oil sanctions to all buyers, including easing restrictions on stranded oil at sea, aiming to tame surging domestic gas prices amid global tensions. EU officials pushed back against the move, while NATO leaders urged reversal of the suspension to pressure Russia. The policy shift matters as it balances inflation control against geopolitical leverage in Ukraine support, potentially providing Russia billions. Next steps include monitoring price impacts and possible congressional pushback before midterms.

EU leaders criticized President Trump's March 13, 2026, decision to lift sanctions on Russian oil, estimating it could provide Moscow with $10 billion for its Ukraine war efforts. Ukrainian President Zelenskyy called the move a direct boost to Russia's 'war machine' amid ongoing Middle East escalations. The policy shift exacerbates transatlantic tensions as Poland's President Duda vetoed EU defense loan access. Analysts warn it risks prolonging conflicts on multiple fronts.

EU leaders criticized President Trump's decision to lift sanctions on Russian oil, arguing it provides Moscow with $10 billion to support its war against Ukraine. Ukrainian President Zelenskyy stated the move 'does not help peace in Ukraine' and enables Russia's war machine. The criticism comes amid Poland's President Duda vetoing legislation for €44 billion in EU defense loans, escalating domestic political tensions. US policy shift highlights transatlantic rift over energy and conflict strategies.