The other option?

[chrisholladay@mastodon.social]

@Nonilex
Is there anything Donald won't do for Putin?
The answer here is....nope

[nonilex@masto.ai]

#Russia has faced punishing #sanctions from the #US & the rest of the #G7 advanced economies since Moscow’s invasion of #Ukraine in 2022. Those sanctions have included a price cap on Russian #oil & a crackdown on Russia’s “shadow fleet” of unmarked vessels…used to evade sanctions.

As #TrumpsWar with #Iran has unfolded, his admin has looked for ways to mitigate the economic pain. His admin temporarily freed Russian oil last week that was sitting at sea to be delivered to India.

#war #Trump

[kimlockhartga@beige.party]

@ChrisHolladay @Nonilex The dirt he has on him must be extraordinary.

[nonilex@masto.ai]

…Top #Senate #Democrats assailed the #Trump admin for easing #sanctions on #Russia, saying that it was done to mitigate a #war of Trump’s own making.

“This war has resulted in huge spikes in gas prices for Americans, who are now paying more at the pump than at any point in either of President Trump’s two terms,” they wrote in a joint statement.

#TrumpsWar #US #Iran #law #Congress #WarPowers #geopolitics #Ukraine #inflation #economy #affordability #CostOfLiving #oil
https://www.banking.senate.gov/newsroom/minority/senate-democratic-leaders-release-joint-statement-on-trump-administrations-weakening-of-sanctions-on-russian-oil-in-attempt-to-dampen-economic-impacts-of-trumps-iran-war

[nonilex@masto.ai]

The lifting of #oil #sanctions represents a sharp reversal from last summer, when the admin doubled #tariffs on #India as punishment for its purchases of oil from #Russia.

“In one fell swoop we’ve undone a huge amount of pressure on Russia,” said Edward Fishman, a senior fellow & director of the Maurice R. Greenberg Center for Geoeconomic Studies at the Council on Foreign Relations.

#TrumpsWar #US #Iran #war #Ukraine #Trump #law #Congress #WarPowers #geopolitics #inflation #economy #energy

[nonilex@masto.ai]

About 130 million barrels of Russian #oil is currently at sea….

The move by the #Trump admin could further divide the #US & #Europe, which has been skeptical of Trump’s attack on #Iran & has expressed a desire to continue to exert economic pressure on #Russia.
Fishman said he did not think that easing the Russia oil #sanctions would lower prices, noting that the move last week to let Russian oil be delivered to India did not have any impact.

#TrumpsWar #Ukraine #law #geopolitics #economy

[nonilex@masto.ai]

He noted that the price of Russian #oil had been rising since the #war in #Iran started, & that it was likely that the #sanctions relief could be extended indefinitely.

“I do worry that this is effectively the destruction of the oil sanctions on #Russia,” said Mr. Fishman….

#TrumpsWar #US #ForeverWars #Trump #Ukraine #law #Congress #WarPowers #geopolitics #MiddleEast #inflation #economy #affordability #CostOfLiving #energy #EnergyCrisis

[cassandra@ottawa.place]

@Nonilex So, a consequence of the US bombing Iran is that Russia makes more money?

[darwinwoodka@mastodon.social]

@Nonilex

Trump is a weak piece of shit that serves only Putin.

[gwentlarry@mastodon.social]

@Nonilex

The jump in oil prices is speculation and profiteering.

20% of the world's oil and LNG passes through the straits of Hormuz. That means 80% doesn't …

It takes 10-14 days for a tanker to travel from the Gulf to Europe or N America plus unloading plus, possibly, refining.

The oil and LNG that's been sold in the last 2 weeks either didn't originate in the Gulf, was in storage tanks in Europe or N America or was in tankers already past the straits of Hormuz and in the Indian ocean.