Following a phone call with Vladimir Putin, Donald Trump said the US will waive oil-related sanctions on “some countries” to ease the shortage sparked by the US-Israeli war on Iran. Trump told reporters in Florida on Monday: “So we have sanctions on some countries. We’re going to take those sanctions off until the strait [of Hormuz] is up.” He declined to provide further details. The move could mean a further easing of sanctions on Russian oil, Reuters reported, citing multiple sources, which in turn could complicate efforts to punish Moscow for its war in Ukraine. Other options to calm the market include a possible release of oil from strategic reserves or restr
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