The US President has said sanctions that had been imposed on Turkey for its incursion into northern Syria would be lifted after Turkey said it would make the ceasefire permanent.
Donald Trump, who has been under fire for abruptly withdrawing US troops from northern Syria, paving the way for Turkey to launch a deadly offensive against the Kurds, added that a "small number" of American troops would remain in the conflict-hit country.
"The sanctions will be lifted unless something happens that we are not happy with," President Trump said in a special address from the White House.
"We have secured the oil and, therefore, a small number of US troops will remain in the area where they have the oil," he said.
"Earlier this morning, the government of Turkey informed my administration that they would be stopping combat and their offensive in Syria and making the ceasefire permanent," he said in a televised address from the White House.
"I have, therefore, instructed the Secretary of the Treasury to lift all sanctions imposed October 14th in response to Turkey's original offensive moves against the Kurds in Syria's northeast border region," he added.
His announcement came after a deal was struck yesterday in Sochi, under which Russia and Syria will "facilitate the removal" from the border region of Kurdish People's Protection Units (YPG) fighters, US allies against the so-called Islamic State group.
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It will also see Turkey preserve a "safe zone" inside Syria about 120km long and 32km deep.
Russia and Turkey will eventually launch joint patrols along the zone.
President Trump said some troops would remain in Syria's oil fields despite a broader American withdrawal from the country.
"We have secured the oil and, therefore, a small number of US troops will remain in the area where they have the oil," he said.
Mr Trump warned that "crippling" sanctions could be reimposed if Turkey failed to honour its obligation to protect religious and ethnic minorities.
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Turkey faces US 'sanctions from hell' over military assault in Syria
