Is it worth easing sanctions on Russian oil and backing off from boarding those tankers?

    With the Iran conflict dragging on and the Strait of Hormuz likely staying closed for the foreseeable future, global oil supply is under a lot of pressure. Given that, should the U.S. consider stopping the seizure of Russian “shadow fleet” tankers as a way to help bring oil prices down, especially since high oil prices are a big reason gas is so expensive right now?

    Some sanctions on Russian oil have already been eased by Trump, allowing countries to buy oil that is already on tankers (source – https://www.bbc.com/news/articles/cm2871wyz9ko ). Is it enough? Crude prices are still high (source – https://www.cbsnews.com/news/gas-oil-prices-cost-iran-war/ ). Maybe not as high as they could be, but still. So what else can be done?

    Is it worth easing sanctions on Russian oil to lower the prices?
    byu/Only-Deal-881 inAskEconomics



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