Trump says some sanctions to be lifted on oil producers amid Iran war
Al Jazeera
Crude oil prices plunge below $90 a barrel following an earlier surge to almost $120 in price swing over 24 hours.
United States President Donald Trump has said his administration will lift some sanctions on oil-producing countries to keep energy prices down amid the US and Israel’s war on Iran.
Trump made the comments on Monday after a rollercoaster 24 hours that saw crude oil prices soar to nearly $120 a barrel before dropping below $90.
“So, we have sanctions on some countries. We’re going to take those sanctions off until this straightens out,” Trump said at a news conference at his golf club in Miami, Florida.
“Then, who knows, maybe we won’t have to put them on – there’ll be so much peace,” he said.
Trump did not specify which countries would be subject to sanctions relief. Washington currently maintains sanctions on the oil sectors of Russia, Iran and Venezuela.
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