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Oil prices have become a political bargaining chip, and the G7's move is quite subtle.

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CoinNetwork
Trump: Restoring sanctions on Russian oil depends on whether global energy prices remain to be verified
Trump stated at the G7 summit that the global oil price trend will determine whether to resume sanctions on Russian crude oil transportation, and oil prices have already fallen sharply due to the US-Iran agreement. The US government has eased some sanctions on Russian oil and extended exemptions, but has not yet made a decision on actions after the exemption period expires. The G7 reaffirmed support for Ukraine and agreed to strengthen sanctions on Russian oil and natural gas.
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