The U.S. may temporarily ease sanctions on Russian oil — Bloomberg
The United States may again temporarily lift some sanctions on Russian oil transported by tankers in the future. According to Bloomberg, this scenario is possible for two key reasons related to the stability of the global oil market and geopolitical risks.
Yesterday, May 16, the administration of U.S. President Donald Trump did not renew the license that allowed importing countries to temporarily purchase Russian oil.
However, according to the agency, as in previous instances, lobbying by the United States’ Asian allies and rising tensions in the oil market could prompt the Trump administration to issue a new permit to purchase sanctioned oil at a later date.
Recall: Russian oil is on the rise again, and this is shifting the balance of Russia’s revenues
Oil prices have risen amid expectations of a meeting between Donald Trump and Xi Jinping. Traders are focusing on possible signals regarding a resolution to the conflict with Iran, which has affected global oil supplies.
