Sanctions waivers on Russian and Iranian oil are set to expire. Here’s what Trump should do next

(Maia Nikoladze and Daniel Fried – Atlantic Council) Temporary US licenses allowing Russian and Iranian oil sales are backfiring by generating major revenue windfalls for both countries while weakening US leverage. The United States reinstating and enforcing the G7 oil price cap on Russia could limit the Kremlin’s revenues while keeping oil flowing and reducing price pressure. For Iran, reintroducing escrow payment mechanisms would allow limited exports but restrict access to hard currency, preserving US leverage. – Sanctions waivers on Russian and Iranian oil are set to expire. Here’s what Trump should do next. – Atlantic Council