The Digester

After a phone call with Vladimir Putin, President Trump said the US will lift some oil-related sanctions to ease shortages caused by the US-Israeli war on Iran, a move that could include Russian oil and affect pressure on Moscow, as oil prices spike and Ukraine faces new attacks and diplomatic strains.

Trump said the US will waive oil-related sanctions on some countries after a call with Vladimir Putin to ease shortages from the US-Israeli war on Iran.
Reuters sources say the move could include further easing of Russian oil sanctions, which may complicate efforts to penalize Moscow over the Ukraine war.
Crude oil briefly rose above $100 a barrel after the Strait of Hormuz was effectively blocked, pushing global energy prices higher.
US options to calm markets include releasing strategic petroleum reserves or restricting US oil exports, according to sources.
Ukraine sent interceptor drones and operators to protect US bases in Jordan and said it is ready for US-backed peace talks while attention shifts to the Iran conflict.
Ukraine called for Russia to be barred from the Venice Biennale and Roman Abramovich is contesting UK plans to ringfence £2.5bn from his Chelsea FC sale amid sanctions.

Trump to waive some oil sanctions after Putin call as Iran conflict spikes prices

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