Trump considers easing Russia sanctions to curb oil prices

US President Donald Trump is considering several measures that could mitigate the sharp rise in oil prices on world markets. According to Reuters sources, the options under discussion include a partial lifting of sanctions on Russia’s oil sector and a coordinated release of strategic reserves by G7 countries.

The White House is trying to respond to tensions in energy markets after more than a week of US and Israeli attacks on Iran, which have significantly disrupted supplies from the Middle East.

Trump indicated that some secondary sanctions on countries importing Russian oil could be temporarily lifted to stabilise the market. However, he did not provide any specific details.

Analysts warn that the real effect of such measures may be limited unless safe tanker traffic through the Strait of Hormuz – through which about one-fifth of the world’s oil passes – can be restored.

Meanwhile, oil prices briefly reached $119 per barrel, the highest level since 2022.

(reuters, pir)