Trump Says US to Waive Oil-Related Sanctions on Some Countries

President Donald Trump acknowledges the applause of attendees to the Republican Members Issues Conference at Trump National Doral in Miami on March 9, 2026. Saul Loeb/AFP via Getty ImagesDORAL, Fla.—U.S. President Donald Trump announced on March 9 plans to lift sanctions on certain countries to help reduce prices driven by the ongoing conflict with Iran.“We’re looking to keep the oil prices down,” Trump said during a press conference at Trump National Doral in Miami, Florida.  He said that the prices have risen artificially due to the conflict, calling it an “excursion.”