Oil prices traded around the highest levels since 2022 Friday, shrugging off the Trump administration’s earlier decision to temporarily allow the delivery and sale of sanctioned seaborne Russian crude – a waiver aimed at mitigating a surge in prices following its attacks on Iran.

The Donald Trump administration has issued a temporary authorization for countries to purchase Russian oil currently “stranded at sea,” a move designed to stabilize global energy markets as tensions from the Iran-U.

The U.S. is temporarily removing sanctions on Russian oil currently stranded at sea, Treasury Secretary Scott Bessent announced late Thursday — the latest move by the Trump administration attempting to ease soaring energy prices amid the war with Iran.

French President Emmanuel Macron pledged to maintain European sanctions against Russia and said the U.S.’s temporary relaxation of specific sanctions didn’t signify a change in Washington's stance. The U.

Prosecutors at the International Criminal Court are dropping an investigation into whether U.S. sanctions against Venezuela qualified as crimes against humanity.

The U.S. ⁠on ⁠Friday expanded sanctions waivers on Venezuela, ⁠easing the way for investment in the South American country’s energy and ​petrochemical sectors and allowing for fertilizer exports as Washington seeks to help American farmers hit by rising prices stemming ‌from the Iran war.

The Trump administration imposed new sanctions on six individuals and two entities involved in using North Korean overseas information technology workers to defraud US businesses and funnel hundreds of millions of dollars to Pyongyang’s weapons development.

Three world leaders — two of them members of the G7 — stood united in opposition Friday to the Trump administration's decision to ease sanctions on Russia's shadow fleet of oil tankers.