US eases Russia oil sanctions as Iran war pushes up energy prices

"The temporary increase in oil prices is a short-term and temporary disruption that will result in a massive benefit to our nation and economy in the long-term."

— Scott Bessent , Executive

"The US was effectively acknowledging the obvious: without Russian oil, the global energy market cannot remain stable."

— Kirill Dmitriev , Executive

"Trump's move was a terrible decision that will enrich Putin and prolong the war in Ukraine."

— Bill Browder , Activist

"The Strait of Hormuz's shutdown in no way justified lifting the sanctions on Russia."

— Emmanuel Macron , Politician

"The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money."

— Donald Trump , Politician

"Military consequences at a level never seen before."

— Donald Trump , Politician