Trump modifies Russian oil sanctions amid rising prices from Iran conflict

The United States has temporarily lifted sanctions on Russian oil, allowing countries to purchase oil already at sea until April 11. This decision has been welcomed by the Kremlin, which is seeking further easing of restrictions, but has alarmed European officials concerned about bolstering Russia’s war efforts amid rising energy prices due to tensions in the Middle East. Despite the sanctions relief, oil prices have continued to rise, driven by recent disruptions in the Strait of Hormuz.

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