- US admin considers reducing oil sanctions against Russia.
- The White House says all credible options are under review.
- Policy decision will be announced by Trump or his team.
President Donald Trump’s administration is considering reducing oil sanctions against Russia to help cool a spike in global energy prices triggered by the US-Israeli war on Iran, with an announcement possible as soon as Monday, according to three sources familiar with the planning.
The move would aim to boost world supplies of oil amid massive disruptions to Middle East shipping from the widening conflict, but could also complicate US efforts to deprive Russia of revenue from the war in Ukraine.
The discussions could include broad sanctions as well as more targeted options that would allow certain countries, such as India, to buy Russian oil without fear of US sanctions, including tariffs, the sources told Reuters, speaking on condition of anonymity.
The United States last week allowed India to temporarily buy Russian crude already on tankers at sea to help the country cope with Middle East supply cuts.
The new measures could be announced as soon as Monday, the sources said.
“President Trump and his entire energy team have had a strong plan to keep energy markets stable well before Operation Epic Fury began, and they will continue to review all credible options,” said Taylor Rogers, a White House spokesman, using the administration’s term for the war.
“Any policy announcement will come directly from the president or his team,” Rogers said.
