Trump says will waive some oil sanctions as Iran war roils marketsTrump said he will waive some sanctions on oil to boost supply and bring down pricesDORAL (UNITED STATES) - US President Donald Trump said Monday that he will waive some sanctions on oil to boost supply and bring down prices, due to market turmoil over war in the Middle East. "We're also waiving certain oil-related sanctions to reduce prices," Trump told reporters after talks with Russian President Vladimir Putin. Oil prices tanked and equities rallied on Tuesday following a wild day of swings that came after Trump said the US-Israel war on Iran would be ending earlier than thought. He said Washington could possibly keep sanctions lifted on the unspecified countries if the war came to an end. - Russia lifeline -Trump also said that the call with Putin was "positive" on the subject of ending the four-year-old war in Ukraine.

Source: Bangkok Post March 10, 2026 08:37 UTC