US President Donald Trump said that Washington could soon restore sanctions targeting Russian oil exports, as G7 leaders sought to increase pressure on Moscow over its war against Ukraine. Speaking at the summit on Tuesday, Trump said the move had been delayed because of concerns over disruptions to global energy supplies during the recent conflict in the Middle East.JOIN US ON TELEGRAMFollow our coverage of the war on the @Kyivpost_official. “Soon we will be able to do that as the oil is now flowing” through the Strait of Hormuz again, Trump said, referring to the agreement with Iran that ended the regional war. US sanctions policy on Russian oil has shifted repeatedly in recent months. In March, the US Treasury Department under Secretary Scott Bessent introduced limited exemptions allowing already-loaded Russian crude oil cargoes to be delivered, following a surge in global energy prices following the outbreak of the US-Israeli war with Iran on Feb. 28 and disruptions to Gulf shipping routes. The measures were designed as a temporary buffer for global energy markets, with waivers later extended through April under General License 134B. According to Reuters, the exemptions were also intended to help “poor and vulnerable countries” facing supply shortages as access to Middle East oil tightened. Washington initially said the exemptions would last 30 days, but they were extended multiple times at the request of several countries seeking to avoid further shocks to global energy supplies.