US EditionU.S. allows temporary purchases of Russian oil already at sea to stabilize energy markets
U.S. Treasury grants 30-day waiver for Russian oil loaded at sea to stabilize markets amid Strait of Hormuz disruptions.
- On March 12, the U.S. Treasury's Office of Foreign Assets Control issued a 30-day licence authorising sale and delivery of Russian-origin crude oil loaded on vessels through April 11.
- Amid U.S.-Israeli strikes on Iran that disrupted the Strait of Hormuz, the International Energy Agency agreed to release 400 million barrels and the U.S. 172 million barrels to steady markets.
- Bessent described the measure as 'This narrowly tailored, short-term measure', noting it covers docking, crewing, insurance and vessel services while Brent crude fell 0.38% to $100.10, WTI dropped 0.58% to $95.17, and bitcoin jumped to just below $72,000.
- Opponents, including Sen. Jeanne Shaheen, argued the move could enrich Vladimir Putin and weaken sanctions, criticizing the White House's decision ahead of the November midterm elections.
- Previously, the U.S. issued a March 5 waiver allowing India to buy Russian oil, and Kirill Dmitriev met U.S. envoys in Florida as CREA found Moscow gained 6 billion euros.
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The US authorizes the purchase of Moscow crude oil. The Kremlin: "Can't stabilize the energy market without us." The tycoon: "The cargo pull out the balls and pass the Strait"
Paris. Ukrainian President Volodymir Zelensky and German Chancellor Friedrich Merz condemned the temporary lifting of U.S. sanctions on Russian oil on the grounds that it provides Moscow with up to an additional $10 billion to continue the war. French President Emmanuel Macron said it is an “exceptional” and “limited” measure.
'White House now begging India': Iran FM Araghchi mocks US U-turn on Russian oil
Iran's foreign minister Araghchi slammed the US for pressuring India to stop Russian oil imports, only to now 'beg' for such purchases. He also criticized Europe's stance on the Ukraine conflict. Meanwhile, Iran assured safe passage for Indian vessels through the Strait of Hormuz, highlighting ...
'White House Begging World, Including India, to Buy Russian Crude': Iranian Foreign Minister Araghchi
Iran's Ambassador to India, Mohammad Fathali, affirmed that safe passage for Indian-bound vessels would be granted due to the strong friendship and mutual interests between Iran and India, underlining their shared responsibility and fate.
Kremlin revenues have increased by 17% in two weeks and exports from northern Russian ports by 24% More information: The EU is charging Trump for relaxing Russian oil sanctions: "Increase Moscow's resources for war"
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