US Edition
Published • loading... • Updated
Trump Lifts Russian Oil Sanctions as Ships Burn in the Gulf
The Trump administration issued a 30-day license allowing sales of 128 million barrels of Russian oil to ease supply disruptions from the Iran conflict, with prices above $100 a barrel.
- On Thursday night, the Trump administration temporarily lifted sanctions and the U.S. Treasury Department issued a general license allowing Russia to sell about 128 million barrels for 30 days.
- Iranian attacks have effectively halted shipping through the strait, disrupting deliveries, and the International Energy Agency called the conflict the largest supply disruption, prompting a historic 172 million-barrel SPR release on Wednesday.
- Brent futures surged, closing just above $100 on Thursday, while analysts say Russia earns about $150 million per day and Scott Bessent called the authorization a 'massive benefit to our nation and economy in the long-term.'
- Senate Democrats warned it enriches Vladimir Putin and said U.S. consumers face gasoline above $4 and diesel over $1 in some states.
- Sanctions were first imposed after Russia's 2022 invasion of Ukraine, and the U.S. government now grants limited legitimacy to previously sanctioned tankers amid the largest supply disruption the International Energy Agency has tracked.
Insights by Ground AI
31 Articles
31 Articles
Pacific Daily News+9 Reposted by 9 other sources
Democrats accuse Trump of aiding Russia with sanctions relief
Democrats accused US President Donald Trump on Friday of weakening pressure on Russia by easing oil sanctions amid the conflict with Iran, saying the move risks boosting Moscow's war revenues while American troops face threats of their own in the…
The US is lifting some sanctions against Russia to increase oil supplies. The fact that it benefits Putin's war chest is of less importance to Trump, who...
·Stockholm, Sweden
Read Full Article
The US has partially relaxed its sanctions against Putin's Russia to increase global oil supply.
Coverage Details
Total News Sources31
Leaning Left3Leaning Right5Center6Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 21%
C 43%
R 36%
Factuality
To view factuality data please Upgrade to Premium
