- The US government is considering reducing oil sanctions on Russia.
- The White House says all credible options are being reviewed.
- The political decision will be announced by Trump or his team.
President Donald Trump’s administration is considering easing oil sanctions on Russia to help cool a surge in global energy prices sparked by the United States and Israel’s war on Iran, and an announcement is possible as early as Monday, according to three sources familiar with the planning.
The move would aim to boost global oil supplies amid massive disruptions to Middle East shipping due to the expanding conflict, but could also complicate U.S. efforts to deprive Russia of revenue for its war in Ukraine.
Discussions could include broad sanctions relief as well as more targeted options that would allow certain countries, such as India, to buy Russian oil without fear of U.S. sanctions, including tariffs, the sources told Reuters, speaking on condition of anonymity.
Last week, the United States allowed India to temporarily buy Russian crude oil already in tankers at sea to help it cope with supply cuts from the Middle East.
The new measures could be announced as early as Monday, the sources said.
“President Trump and his entire energy team have had a solid plan to keep energy markets stable long before Operation Epic Fury began, and they will continue to review all credible options,” White House spokeswoman Taylor Rogers said, using the administration’s term for the war.
“Any policy announcements will come directly from the president or his team,” Rogers said.
