Trump paused Russia sanctions for 60 days on 16 October as Brent touched $110 and Iranian strikes cut Hormuz crude flows to about 11m barrels a day. The EU went the other way, adding 1,569 names to its Russia list.
President Trump paused a new round of Russia sanctions two days before they were due to take effect, saying he would not drive Moscow from peace talks. Source
On 16 October, two days before measures he signed in September were due to take effect, President Donald Trump suspended a slate of Russia sanctions for 60 days. Secretary of State Marco Rubio said the pause buys Washington time to weigh the impact on the US and global economies. Trump wrote on Truth Social that he was negotiating an end to the war and would not drive Moscow from the table, the BBC reported. Brent touched $110 a barrel the same day, its first visit to that level since May, Reuters reported.
