Washington, March 10 -- US President Donald Trump has indicated that Washington could implement temporary waivers on specific oil-related sanctions to mitigate the impact of surging global energy costs caused by the escalating conflict involving Iran.

The president noted that his administration is exploring the short-term removal of certain economic restrictions until the regional situation reaches a point of stability.

"We're also waiving certain oil-related sanctions to reduce prices. So we have sanctions on some countries. We're going to take those sanctions off until this straightens out," Trump said.

He further suggested that these adjustments might become permanent if the geopolitical climate improves, stating, "Then who knows, m...