Russia-Ukraine, Iran wars: Why the US may ease sanctions on shadow fleet tankers — and what it means for both conflicts
The US may ease sanctions on blacklisted oil tankers to address global freight and fuel price issues, as proposed by Energy Secretary Chris Wright. This move aims to alleviate a tanker shortage impacting prices, with sanctions potentially lifted on a case-by-case basis. The administration's focus on fuel costs comes amid rising inflation and high diesel prices, averaging $6.31 per gallon.