The Times: Trump may impose “global oil embargo”

U.S. President Donald Trump is reportedly weighing the implementation of sweeping secondary sanctions on countries that continue to import Russian oil, including major buyers such as China, India, and Türkiye.

According to The Times, the Trump administration is supporting a bill that would impose a 500% tariff on Russian imports — a move that could amount to a de facto global oil embargo.

The report indicates that the proposal stems from growing frustration in Washington over Russian President Vladimir Putin’s refusal to engage in peace negotiations and Moscow’s continued targeting of civilian infrastructure in Ukraine.

While the bill signals a sharp escalation in the U.S. economic response to Russia’s war, it has sparked debate over its potential impact on global markets.

One of the key sticking points is over who should control the lifting of sanctions. The White House is reportedly pushing for this authority to remain with the president, while lawmakers in Congress are advocating for greater oversight and restrictions.