Trump Administration Waives Oil-Related Sanctions to Ensure Supply

Trump Says US to Waive Oil-Related Sanctions on Some Countries

DORAL, Fla.—U.S. President Donald Trump announced on March 9 plans to lift sanctions on certain countries to help reduce prices driven by the ongoing conflict with Iran. “We’re looking to keep the oil prices down,” Trump said during a press conference at Trump National Doral in Miami, Florida.  He said that the prices have risen artificially due to the conflict, calling it an “excursion.” He said the United States would be “waiving certain oil-r…

US waiving oil-related sanctions to reduce prices, Trump says

U.S. President Donald Trump said March 9 that the U.S. is preparing to waive certain oil-related sanctions in an effort to stabilize global energy prices.

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Trump says US will waive some oil sanctions to stabilise supply and curb prices

Trump says the US will temporarily waive some oil sanctions to ensure global supply and keep prices in check amid disruptions around the Strait of Hormuz.