Bloomberg: Trump's team is preparing a new strategy of oil sanctions against Russia and Iran.
Advisors to the new U.S. President Donald Trump are developing a comprehensive sanctions strategy aimed at achieving a diplomatic agreement between Russia and Ukraine, as well as increasing pressure on Iran and Venezuela.
According to Bloomberg, Trump's team is considering two main approaches. The first approach involves easing sanctions for Russian oil producers in the event of a peace settlement. The second option entails increasing sanctions pressure to gain additional leverage.
The chosen strategy affects the global oil market. Following the announcement of the latest sanctions by the Biden administration, Brent crude prices rose by $5 per barrel. Trump's team is also considering a policy of maximum pressure on Iran, starting with the introduction of a significant package of sanctions against the oil industry in February.
Regarding Venezuela, the situation is complicated by the presence of U.S. oil companies, particularly Chevron Corp. Candidates for Trump's cabinet and former sanctions officials from his first administration are involved in the strategy discussion.
It should be noted that the new U.S. sanctions package covers nearly 100 entities, including banks, defense enterprises, and companies from various countries. The list includes key enterprises and individuals involved in supporting the Russian military machine.
Also, it is worth noting that India and China are refusing to accept Russian oil tankers that are subject to U.S. sanctions. Indian banks will require certificates of origin to ensure that the oil does not come from suppliers under sanctions.
According to the International Energy Agency (IEA), 160 tankers caught under U.S. sanctions transported more than 1.6 million barrels of oil per day in 2024, accounting for approximately 22% of Russia's maritime exports.
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