End of Russia's oil isolation? Shocking statement made in US
Photo: US Treasury Secretary Scott Bessent (Getty Images)
The US announced the condition for lifting sanctions on Russia's oil sector.
US Treasury Secretary Scott Bessent stated this on Fox News.
US Treasury Secretary Scott Bessent said that if the conflict between Russia and Ukraine is resolved and conditions in Venezuela and Iran stabilize, it could significantly reduce oil prices.
"Thanks to peace agreements, we could see a substantial drop in oil prices. If the issues regarding Venezuela, Iran, Russia, and Ukraine are resolved, a large amount of oil currently under Treasury sanctions could enter the market," he explained.
Bessent emphasized that such changes would only occur after an official conflict resolution and the conclusion of relevant international agreements. He noted that this would not only increase oil volumes on the global market but also signal stabilization for global energy prices.
Experts highlight that this demonstrates the US’s flexible approach to sanctions policy: if conditions for peaceful resolution are met, the country is prepared to allow a partial resumption of energy trade. This could have a significant impact on global oil prices and the energy security of many states.
Analysts estimate that lifting sanctions on Russian oil would be one of the most significant changes in the energy market in recent years, potentially reducing dependence on other costly energy sources and stabilizing prices for consumers in the US, Europe, and Asia.
On February 10, global oil prices fell amid traders’ concerns over potential supply disruptions amid escalating US-Iran tensions.
Russia’s oil imports to India could be halved following a trade agreement with the US.
