Licenses allowing Russia and Iran to sell oil under US waivers are set to expire soon. While these waivers helped ease global energy shortages, they have also led to increased revenue for both regimes and sustained upward price pressure. Experts suggest reintroducing Russian oil price caps and Iran's escrow account to limit windfall profits and stabilize oil prices.
The Trump administration is expected to extend waivers on Russian oil sanctions, potentially paving the way for similar action on Iranian oil. These waivers signal a shift in sanctions from pure economic pressure to a market leverage tool. Experts remain skeptical about the actual impact of these waivers on global costs.