Trump says temporarily exempting some oil-related sanctions

On the afternoon of March 9th, Eastern Standard Time, early this morning Beijing time, US President Trump held a press conference at a golf club in Miami, Florida, and stated that oil prices "have not risen significantly as he feared," but the US is temporarily exempting some oil-related sanctions to ensure adequate oil supply and lower prices. Trump said, "We have imposed sanctions on some countries. We will temporarily exempt these sanctions until the Strait of Hormuz returns to normal." He did not provide detailed information, but it is understood that the US issued a 30-day temporary waiver last week, allowing Russian oil stranded at sea to be sold to India.