The President of the USA, Donald Trump, is considering relaxing the sanctions imposed on Russia in the oil sector and releasing emergency reserves of oil, as part of a strategy aimed at limiting the rise in global oil prices, in the context of the conflict with Iran. This decision comes amid concerns that rising prices will affect American consumers and businesses ahead of the midterm elections in November.
Trump mentioned that his administration will lift sanctions to stabilize the oil market, but did not provide specific details. Relaxing the sanctions could increase global oil supply, but it could complicate efforts to reduce Russia's revenues from the war in Ukraine. Analysts emphasize that the options available to the White House are limited and that restoring oil traffic through the Strait of Hormuz is essential.
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