The exporters have had to offer deep discounts to encourage shipping companies and traders to move their crude and brave the risk of sanctions since Russia's full-scale invasion of Ukraine in 2022.
Secretary of State Antony Blinken had indicated he'd be open to working with Congress on bipartisan sanctions against the ICC.
A senior official told the Washington Post that the US was considering issuing sanctions against settlers blocking aid from reaching Gaza.
The US Treasury imposed sanctions on Gertler in 2017 and 2018, accusing him of leveraging his friendship with former Congo President Joseph Kabila to secure lucrative mining deals.
The news came on the day that America was poised to pass a mass assistance package to Israel, strengthening the relationship between America and Israel.
While US support of Israel stands strong, these sanctions will threaten to undermine the close cooperation between the two countries.
Pressure from Israeli politicians appears to have succeeded in pushing the US to step back from issuing sanctions.
The Biden administration's nuanced criticism of Israel, focusing on sanctions against the Netzach Yehuda battalion, may undermine Israel's legal credibility internationally.
Israel worries for remaining hostages • State indicts Haniyeh's sister • Terror in West Bank • New details emerge about missile strike in Iran • US to sanction IDF unit
“At a time when our soldiers are fighting terrorist monsters, the intention to sanction a unit in the IDF is the height of absurdity and a moral low,” Netanyahu wrote in a post on X.