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The Economic Times

Economy / The Economic Times

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Trump weighs easing Russia sanctions to cool oil prices amid global crude jitters

President Donald Trump is exploring options to lower global oil prices. These include easing sanctions on Russia and releasing emergency oil reserves. The White House is concerned about rising fuel costs impacting businesses and consumers. Discussions involve potential joint releases from strategic reserves with G7 nations. Trump believes these measures will stabilize the market.

10 Mar 2026 6:16 am