Trump Says US Will Soon Reimpose Russia Sanctions as Urals Oil Falls to $67
Updated
Updated · Euronews · Jun 16
Trump Says US Will Soon Reimpose Russia Sanctions as Urals Oil Falls to $67
3 articles · Updated · Euronews · Jun 16
Summary
Trump said at the G7 in Évian that Washington can soon restore sanctions on Russia after suspending them during the Strait of Hormuz disruption, adding that renewed oil flows remove the main obstacle.
The US had issued three consecutive waivers on Russian oil to avoid worsening the energy crunch after Hormuz closed, a move that angered Ukraine and European allies pushing for tougher pressure on Moscow.
Russian Urals crude has dropped to about $67 a barrel from above $80 last week and over $100 last month after the US-Iran framework deal paved the way for reopening the strait.
Zelenskyy said G7 leaders agreed Russia has no intention of ending the war and discussed stronger sanctions and more air-defence support, underscoring the wider push to tighten pressure on Moscow.
With conflicting reports on the US-Iran deal, is it a path to peace or just a temporary truce?
As Ukraine seeks EU membership and its own missile systems, is it charting a more independent course for its security?
US Reimposes Russian Oil Sanctions in June 2026: Market Volatility, Shadow Fleet Expansion, and Global Energy Security Risks
Overview
In mid-June 2026, the United States reimposed sanctions on Russian oil, ending the temporary waivers that had been extended just a month earlier due to ongoing energy market instability and the global shock from the US-Israel war on Iran. This policy reversal, announced by President Trump after the latest 30-day extension expired, marked a renewed effort to pressure Moscow. The decision followed a period of fluctuating US policy, where waivers were granted to stabilize markets during severe supply disruptions. With the waivers now lifted, the US signaled a firmer stance, aiming to restore leverage over Russia amid continued global energy uncertainty.