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The Economic Times
The Economic Times
Business

Trump vows to reimpose US sanctions on Russian crude 'soon' as truce with Iran takes shape

United States Russia Iran G7 Donald Trump Oil Ukraine Volodymyr Zelenksyy Strait of Hormuz Washington D.C.

US President Donald Trump on Tuesday said Washington would "soon" be able to reimpose sanctions on Russian oil shipments, arguing that the resumption of crude flows through the Strait of Hormuz following a truce with Iran had eased concerns over disruptions to global energy supplies.

Speaking on the sidelines of the G7 summit in France, Trump said, "Soon we will be able to do that as the oil is now flowing" through the Strait of Hormuz after the deal with Iran ended the Middle East conflict.

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