Source: New York Post
The Trump administration temporarily lifted sanctions on Russian oil “stranded at sea” Thursday in an effort to contain skyrocketing energy prices due to Iranian threats against tanker ships. Treasury Secretary Scott Bessent described the move as one of President Trump’s “decisive steps to promote stability in global energy markets” and keep oil prices low amid the “threat and instability posed by the terrorist Iranian regime. ” 4 The Trump administration has temporarily lifted sanctions on Russian oil in an effort to contain skyrocketing energy prices.
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