Trump’s Energy Sanctions Are a Double-Edged Sword for Global Economy

The U.S. continues to uphold sanctions on several countries including Iran, Venezuela, and Russia. While the Biden administration eased sanctions on Venezuelan energy at the beginning of the year, and Iran has been able to increasingly circumvent sanctions, there was no clear path to bringing the sanctions to a total stop. Now, with the election of Donald Trump as President for a second non-consecutive term, U.S. energy sanctions could become stricter as he focuses on boosting domestic oil and gas output and strengthening controls on these countries. …