Oil price continued to decline after hours as US weighs easing Russian oil sanctions to cool global price surge
u/SadOnion2110 ·
Reddit — r/StockMarket
· March 09, 2026 at 22:11
· ⬆ 376 pts
· 💬 81 comments
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Summary
The post reports that the Trump administration is considering easing sanctions on Russian oil to increase global supply and lower energy prices, which have surged due to a U.S./Israeli conflict with Iran.
The author's thesis is that this potential policy shift is causing oil prices to decline, as indicated by after-hours trading activity.
Quality assessment: This is news-based speculation. The post links to a Reuters article, lending it credibility, but the event itself (easing sanctions) has not yet occurred and is based on "sources."
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President Donald Trump's administration is considering reducing oil sanctions on Russia to help cool a surge in global energy prices triggered by the U.S. and Israeli war on Iran, with an announcement possible as soon as Monday, according to three credible sources familiar with the planning.
The move would be intended to boost world supplies of oil amid massive disruptions to Middle East shipments from the expanding conflict, but could also complicate U.S. efforts to deprive Russia of revenue for its war in Ukraine.
The new moves could be announced as soon as Monday, the sources said.
"President Trump and his entire energy team have had a strong game plan to keep the energy markets stable well before Operation Epic Fury began, and they will continue to review all credible options," said Taylor Rogers, a White House spokesperson, using the administration's term for the war.
https://www.reuters.com/business/energy/us-weighs-easing-russian-oil-sanctions-cool-global-price-surge-sources-say-2026-03-09/