Trump Takes Big U-Turn; Allows Russia To Sell Oil Amid Global Oil Crisis as Pressure Mount on U.S.

A sharp policy reversal from Washington is rippling through global markets as Donald Trump’s administration renews a key waiver on Russian oil sanctions. Despite earlier signals of ending exemptions, the U.S. now allows continued crude purchases for at least another month. Issued by the Treasury, the waiver covers shipments loaded through mid-May. The move comes amid intense pressure on global energy markets, raising questions about strategy, sanction consistency, and balancing geopolitical objectives with economic stability.