{
    "success": true,
    "data": {
        "id": 1601300,
        "msgid": "trump-in-panic-russian-and-venezuelan-oil-sanctions-to-be-lifted-to-mitigate-iran-war-effects-1773122127",
        "date": "2026-03-10 11:30:00",
        "title": "Trump in Panic: Russian and Venezuelan Oil Sanctions to be Lifted to Mitigate Iran War Effects",
        "author": "Haufan Salengke",
        "source": "MEDIA_INDONESIA",
        "tags": "",
        "topic": "Energy",
        "summary": "US President Donald Trump has announced plans to suspend sanctions against major oil-producing nations, including Russia and Venezuela, in response to surging global energy prices triggered by the US-Israel conflict with Iran. Oil prices have already reached USD 120 per barrel and could climb further to USD 150-200 per barrel if the Strait of Hormuz remains closed, prompting the Trump administration to seek emergency measures to stabilise global energy markets and protect the US economy.",
        "content": "<p>Amid the escalating conflict between the United States and Israel\nagainst Iran, President Donald Trump has demonstrated signs of alarm\nover global energy turbulence that could cripple the world economy. In a\nstatement issued in Florida on Monday 9 March, Trump announced\nsurprising plans to lift sanctions against several oil-producing nations\nto stabilise prices that briefly touched USD 120 per barrel.<\/p>\n<p>Trump stated that the sanctions relaxation would be temporary until\nmarket conditions stabilise. \u201cWe have sanctions against some countries.\nWe will lift those sanctions until this problem is resolved,\u201d Trump\nsaid.<\/p>\n<p>\u201cThen, who knows, maybe we won\u2019t need to enforce them again \u2013 there\nwill be much peace,\u201d he added.<\/p>\n<p>Although Trump did not specify which countries would receive relief,\nWashington currently enforces strict sanctions on Russian, Iranian, and\nVenezuelan oil sectors. However, Reuters reports that Russia is a strong\ncandidate for sanctions relaxation to maintain global stock\navailability.<\/p>\n<p>US Treasury Secretary Scott Bessent announced last week a 30-day\nsuspension of sanctions on Russian oil sales to India amid concerns\nabout increasing pressure on global supplies.<\/p>\n<p>Although Brent prices eased slightly to USD 84 per barrel on Tuesday\n10 March following Trump\u2019s comments, the shadow of crisis remains.\nHomayoun Falakshahi, lead analyst at Kpler, warned that prices could\nreach record highs.<\/p>\n<p>\u201cIf the Strait of Hormuz remains closed until April, prices could\ncontinue to surge to USD 150 or even USD 200 per barrel,\u201d Falakshahi\ntold Al Jazeera.<\/p>\n<p>Global energy markets have been under strain since the US and Israel\nlaunched a combined attack on Iran on 28 February, with crude oil prices\nsurging 50% compared to before the conflict began.<\/p>\n<p>Iran\u2019s threat has effectively closed the Strait of Hormuz, through\nwhich approximately one-fifth of global oil supplies pass, forcing major\nGulf producers to reduce production amid supply backlog, as most\nshipments have been halted.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/trump-in-panic-russian-and-venezuelan-oil-sanctions-to-be-lifted-to-mitigate-iran-war-effects-1773122127",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}