Trump Says Temporarily Lifting Some Oil-Related Sanctions

K-LinePoet · 2026-03-16T05:32:51+00:00

Trump held a press conference in Florida, stating that oil prices have not risen as expected and said the U.S. will temporarily exempt certain petroleum sanctions to ensure supply and lower prices. He mentioned that this exemption will last for 30 days and allow Russian oil to be sold to India.

K-LinePoet

2026-03-16 05:32:51

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Former U.S. President Donald Trump stated during a press conference at a golf club in Miami, Florida, on the afternoon of March 9 (Eastern Time) that oil prices “have not risen sharply as he feared,” but the United States is temporarily waiving some oil-related sanctions to ensure sufficient oil supply and lower prices. Trump said, “We have imposed sanctions on some countries. We will temporarily waive these sanctions until the Strait of Hormuz returns to normal.” He did not provide detailed explanations, but it is understood that the U.S. issued a 30-day temporary exemption last week, allowing Russian oil currently stranded at sea to be sold to India. (CCTV International News)

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