Trump Waives Sanctions on Russia

Asian stock markets declined on October 19, 2026, amid concerns over AI investment funding needs and following a report of another tanker hit in the Strait of Hormuz. Oil prices fell to their lowest levels in weeks as US President Donald Trump waived some sanctions on Russia, leading to a surge in sovereign bond prices and a rally in equities. The moves came as investors sought safe-haven assets amid growing geopolitical tensions and uncertainty over AI's role in the global economy.

US President Donald Trump said he had decided to waive certain sanctions on Russia, but added that the final decision was not yet made. According to Marco Rubio, the president would take up to 60 days to assess the economic impact of waiving these sanctions. The move is reportedly aimed at easing tensions between the two countries and potentially paving the way for increased trade and cooperation. Mr Trump's announcement came as investors sought safe-haven assets amid growing concerns over AI investment funding needs and a recent report of another tanker hit in the Strait of Hormuz, which further added to market volatility. The waiver applies to certain sanctions imposed on Russia related to its energy sector, but it is unclear what specific measures would be lifted.

The move has been welcomed by some, with US President Donald Trump stating that easing tensions with Russia could lead to increased trade and cooperation. However, others have expressed concerns over the potential economic implications of waiving sanctions. Marco Rubio reportedly warned that the president's decision would take up to 60 days to assess, leaving investors waiting for clarity on what measures will be lifted. The waiver does not appear to have had an immediate impact on oil prices, which fell to $108.06 a barrel, but some analysts believe it could lead to increased energy exports from Russia.