LOADING ERROR LOADINGWASHINGTON, March 8 (Reuters) - Trump administration officials on Sunday defended a decision to temporarily lift some sanctions on Russian oil and predicted that a sharp increase in gasoline prices resulting from the Iran war would last only weeks. Ambassador to the United Nations Mike Waltz said a waiver issued last week to allow Indian purchases of Russian oil would alleviate pressure on the global market. AdvertisementFuel prices shown on a gas pump at a filling station in Richardson, Texas, on March 6, 2026. Diesel was at $4.33, up 15% from a week ago, surging to the highest level since November 2023. Trump on Thursday told Reuters that he was not looking to tap the strategic reserve.

Source: Huffington Post March 09, 2026 05:57 UTC