Russia Sanctions: Oil Prices Won’t Trigger Lift

by Archynetys World Desk

“We also announced at this G7 meeting that this situation in no way justifies the lifting of sanctions against Russia,” Macron said after a video call with other G7 leaders.

The video conference was organized to discuss the economic consequences of the US-Israeli attack on Iran and the Iranian strikes on the Persian Gulf countries.

The conflict has caused a sharp increase in oil prices, as several countries have reduced oil production, as well as tanker traffic in the Strait of Hormuz, through which a fifth of the world’s crude oil was transported, has almost stopped.

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