Trump temporarily suspended some oil sanctions to reduce market prices

TL;DR

Donald Trump announced the temporary suspension of some oil sanctions.
The goal is to stabilize prices and ensure crude flow through strategic zones.
Sanctions will remain lifted until the situation is resolved.
The U.S. government was considering lifting sanctions on Russian crude to improve global supply.
India will be allowed to negotiate with Russian oil stranded at sea for 30 days.
Oil prices have risen around 30% due to attacks on Iran, affecting East Asian countries dependent on Middle Eastern imports.
JPMorgan and Bank of America reports suggest Gulf countries' storage could deplete if the conflict lasts over three weeks, potentially driving Brent prices to $100-$120.
An analyst from Deutsche Bank does not rule out crude reaching $200 if Iran manages to close the Strait of Hormuz.
Instability in the Middle East threatens to destabilize inflation targets of major economies.

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