BREAKING: The U.S. will announce a ban on all imports of Russian oil, natural gas and coal, according to a source familiar with the decision
; Chart: Kavya Beheraj/AxiosRussian oil sales have already been crimped, even as initial sanctions avoided direct aim at the Kremlin-backed energy sector, due to "self-sanctioning" and Russian isolation from commercial transactions, Axios' Ben GemanThe Biden administration is exploring ways to unlock more global oil supplies to ease the shock to gas prices.
That includes negotiating with the leadership of Saudi Arabia, which Biden had pledged to make a "pariah" after the murder of journalist Jamal Khashoggi, as well as heavily sanctioned Venezuela. The U.S. is also expected to reach a new nuclear deal with Iran in the coming days, potentially giving Tehran the ability to ramp up its oil exports.