Trump Team Readies Oil Sanctions Plan for Russia Deal, Iran Squeeze
Published On Jan 16, 2025, 8:13 AM
Advisers to President-elect Donald Trump are strategizing on oil sanctions amidst ongoing negotiations for a Russia-Ukraine peace deal. The advisers are considering two main approaches: one that could benefit Russian oil producers if a resolution seems achievable, and a second that would tighten existing sanctions to exert more pressure. This decision will be crucial for the global oil market, with Brent crude already seeing price increases following previous sanctions. Trump's team is also planning to resume a maximum pressure strategy on Iran and Venezuela, aiming to curb their oil outputs.
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With potential sanctions on oil production and further economic pressure on Russia, oil prices may rise, benefitting oil-related investments. A more aggressive sanction strategy could drive up energy costs globally, impacting ETFs and stocks in the energy sector.
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