- US administrator plans to reduce oil sanctions against Russia.
- The White House says all credible options are being considered.
- The political decision will be announced by Trump or his team.
President Donald Trump’s administration is considering reducing oil sanctions on Russia to help curb the surge in global energy prices triggered by the U.S. and Israeli war against Iran, with an announcement possible as early as Monday, according to three sources familiar with the matter.
The move would aim to increase global oil supplies amid massive disruptions to shipments in the Middle East due to the expanding conflict, but could also complicate U.S. efforts to deprive Russia of revenue from its war in Ukraine.
Discussions could include broad sanctions relief as well as more targeted options that would allow some 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.
The United States last week allowed India to temporarily buy Russian crude oil already loaded onto tankers at sea to help it cope with supply cuts in the Middle East.
The new measures could be announced as early as Monday, the sources said.
“President Trump and his entire energy team developed a robust action plan to maintain stable energy markets well before Operation Epic Fury began, and they will continue to examine all credible options,” White House spokesperson Taylor Rogers said, using the administration’s term for war.
“Any policy announcements will come directly from the president or his team,” Rogers said.
