U.S. Considers Oil Sanctions to End Ukraine Conflict

U.S. Energy Secretary Chris Wright indicated that sanctioning Russian oil might be a strategic move to force a resolution to the Ukraine war. President Trump warned of potential tariffs and sanctions against Russian oil buyers if a peace agreement with Ukraine is not reached soon.

In a recent statement on Fox News, U.S. Energy Secretary Chris Wright suggested that sanctioning Russian oil could be a viable strategy to end the ongoing Ukraine conflict.

President Donald Trump echoed this sentiment, threatening to impose 100% tariffs on Russian oil buyers. This move aims to pressure Moscow into agreeing to a significant peace deal with Ukraine.

The Trump administration has set a deadline for Moscow to comply with these demands, suggesting further sanctions might follow if the deadline, ending in early September, is not met.

(With inputs from agencies.)