The United States issued a 30-day license for countries to buy Russian oil and petroleum products currently stranded at sea in what Treasury Secretary Scott Bessent said was a step to stabilize global energy markets roiled by the Iran war. The announcement comes a day after the US Energy Department said that the US would be releasing 172 million barrels of oil from the strategic petroleum reserve in an effort to curb sky-rocketing oil prices in the wake of the war in Iran.

The U.S. temporarily allows India to purchase stranded Russian oil to mitigate global supply issues amid the Iran conflict.

The U.S. has temporarily authorized the purchase of Russian oil stranded at sea to stabilize energy markets.

El Tesoro de Estados Unidos anunció que autorizará temporalmente la compra de petróleo de Rusia para contener la escalada de precios.

The license allows transactions with Russian fuel before April 11

The announcement comes a day after the U.S. Energy Department said that the U.S. would be releasing 172 million barrels of oil from the strategic petroleum reserve in an effort to…

U.S. eases sanctions on Russian oil, allowing sales through April amid efforts to stabilize rising oil prices.

The United States issued a 30-day license for countries to buy Russian oil and petroleum products currently stranded at sea in what Treasury Secretary Scott Bessent said was a…

Trump administration announces 30-day waiver on Russian oil stranded at sea as concerns over US-Israel war on Iran unsettles markets

The Trump administration doubled down on efforts to prevent the rising cost of oil becoming a full blown oil price shock by relaxing Russian sanctions

Analysts estimate about 125 million barrels of Russian oil are currently being shipped.