Geopolitics7 June 2026
Trump eases oil sanctions on Iran and Russia to offset Strait of Hormuz supply shock
via Council on Foreign Relations
White House temporarily unwound oil sanctions on Iran and Russia after the Iran war choked Hormuz shipments, creating largest oil disruption in history. Policy shift benefits US adversaries but aims to cap prices. Traders face uncertainty: reduced sanctions may cap crude rally, but geopolitical risk premium persists until conflict resolves.
Original source
Council on Foreign Relations
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