Oil Prices Fall After Trump Lifts Sanctions on Russia

Oil prices fell in early Asian trading Monday after President Trump exempted Russia from major sanctions and tariffs, a step that could expand Russian fuel exports.

• Trump signed Friday an executive order exempting Russia from major sanctions and tariffs enacted under legislation signed last month.
• Secretary of State Marco Rubio said Trump will use up to 60 days to evaluate the sanctions' economic impact on the global economy.
• Trump announced a deal with President Vladimir Putin to export Russian diesel, starting at 2.3 million barrels this month and rising to 7.6 million barrels monthly.
• Ukrainian President Volodymyr Zelensky said the US measures will harm Ukraine.