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U.S. Eases Russian Oil Sales Amid Global Price Crisis

3/13/2026

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Summary

Story summary

The U.S. Treasury Department issued a 30-day license allowing countries to buy Russian oil stranded at sea, effective until April 11, 2026.
Treasury Secretary Scott Bessent said the measure is narrowly tailored to stabilize global energy markets amid price rises tied to the Iran conflict, a stance echoed by G7 leaders including French President Macron.
Critics, including Ukrainian President Zelensky, warn the move could aid Russia.

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Story summary

The U.S. Treasury Department issued a 30-day license allowing countries to buy Russian oil stranded at sea, effective until April 11, 2026.
Treasury Secretary Scott Bessent said the measure is narrowly tailored to stabilize global energy markets amid price rises tied to the Iran conflict, a stance echoed by G7 leaders including French President Macron.
Critics, including Ukrainian President Zelensky, warn the move could aid Russia.