The Trump administration temporarily lifted sanctions on Russian oil “stranded at sea” Thursday in an effort to contain skyrocketing energy prices due to Iranian threats against tanker ships.

The US has reinstated full sanctions on russian oil after the temporary relaxation that was in effect for the past month by the decision of the Donald Trump

Vladyslav Vlasiuk, Ukrainian President Volodymyr Zelenskyy's commissioner for sanctions policy, told RFE/RL in an interview that any relief for Moscow and Russian oil only serves to extend the war.

The Trump administration is lifting sanctions on Russian oil to counter Iran’s stranglehold on Middle Eastern energy. The U.

The war in Iran has shocked global energy markets by choking off oil shipments through the Strait of Hormuz. The Trump administration has responded frantically by temporarily unwinding its oil sanctions on Iran and Russia,

Moscow on Friday urged the United States to lift more sanctions on its oil exports to stabilise the global energy markets, upended by the war in the Middle East.

Oil prices dipped modestly during Asian trading on Thursday as investors closely monitored diplomatic developments between the United States and Iran ahead of a critical ceasefire deadline set for April 21.