The Warcast

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The United States Suspends Sanctions on Russian and Iranian Oil — But It’s Complicated

The Warcast
Maia Nikoladze and Kerry Anderson
March 31, 2026

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Episode Notes:

After Iran mostly closed the Strait of Hormuz, driving up global oil prices, Washington temporarily lifted some sanctions on Russian and Iranian oil. Maia Nikoladze joins the Warcast to discuss the sanctions and implications for oil prices, the Russian and Iranian economies, and the long-term effectiveness of sanctions.

Image: Reza Hatami via Wikimedia Commons