United States President Donald Trump has said that his administration will lift some sanctions on oil-producing countries to keep energy prices down amid the US and Israel’s war on Iran.
Trump said this to newsmen on Monday after a soar in crude oil prices.
He says that sanctions will be taken off some countries, however he did not specify which countries would be subject to sanctions relief.
Meanwhile,US Treasury Secretary Scott Bessent last week announced a 30-day waiver on sanctions on Russian oil sales to India amid concerns about growing pressure on global supplies.