US energy chief says sanctioning Russian oil to end Ukraine war a possibility

US Energy Secretary Chris Wright says that sanctioning Russian oil to end the Ukraine war is a "very real possibility." - REUTERS/Filepic
WASHINGTON: U.S. Energy Secretary Chris Wright said on Fox News on Tuesday that sanctioning Russian oil to end the Ukraine war is a "very real possibility."
AI Brief
- Trump threatens 100% tariffs on buyers of Russian oil unless Moscow agrees to a major Ukraine peace deal by early September.
- US energy dominance gives Washington leverage to take tougher actions that were not possible before.
- So far, the Trump administration has focused oil sanctions more on Iran than on Russia.
"It is huge pressure on Russia," Wright said in an interview on Fox News' "Special Report with Bret Baier."
"That's the biggest pressure you can put on them," Wright said.
The U.S. is the world's top producer of oil and gas, a position Wright said means the U.S. can take action that was previously unthinkable.
"We're able to do things that we couldn't do before," he said.
Despite that position, the Trump administration has not yet put major oil sanctions on Russia, preferring to impose them on OPEC producer Iran since the president took office for a second time in January.
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