Trump Says He May Temporarily Waive Oil Sanctions to Lower Prices Amid Iran War

Former President Donald Trump said the U.S. may temporarily waive some oil-related sanctions as a short-term measure intended to bring down soaring global energy prices and ease supply disruptions tied to the conflict involving Iran and interruptions to Gulf shipping routes.

“- President Donald Trump offered political risk insurance for "ALL Maritime Trade, especially Energy”

Insider

The available reporting emphasizes the temporary nature of the proposal, noting it would remain in place 'until the crisis stabilizes', and frames the move explicitly as aimed at lowering sharply higher energy costs.

Insider

Only two source articles were provided for this summary (News18 and Insider), so the synthesis below draws from those two pieces.

Alongside the sanctions-waiver concept, Trump said the U.S. Navy would escort tankers through the Strait of Hormuz "if necessary," reflecting a security component to the plan aimed at protecting transit through a key chokepoint.

Insider situates that assurance amid recent attacks on vessels transiting the Hormuz - including at least one US-sanctioned oil tanker, according to Oman's Maritime Security Center - stressing that the move responds to an immediate pattern of maritime threats that have disrupted trade and pushed prices upward.

News18

Trump proposed expanding the role of the U.S. International Development Finance Corporation (DFC) to provide a financial backstop for commercial shipping through the Hormuz, a shift from the agency’s current mission.

“- President Donald Trump offered political risk insurance for "ALL Maritime Trade, especially Energy”

Insider

Insider notes the DFC currently offers political risk insurance for overseas investments (covering expropriation or political violence), and says Trump’s plan would expand that role to sell insurance and guarantees for all commercial shipping through the Hormuz at what he called a 'very reasonable price,' which the outlet describes as broader than the agency typically underwrites.

News18 frames the sanctions-waiver and such financial measures together as part of a short-term package designed to calm markets.

Reporters note the measures are presented as temporary and targeted at stabilising supply and prices.

They also record that a White House spokesperson did not immediately comment on the proposals.

News18

Insider highlights the immediate market impact, reporting crude surged more than 12% amid recent US–Israel strikes on Iran.

Insider suggests the administration views both military protection and financial guarantees as complementary levers to relieve price pressure, even as official responses and implementation details remain unclear in the available reporting.