US EditionUS Eases some Russian Oil Sanctions but Crude Prices Stay High
The US Treasury issued a one-month license allowing delivery and sale of Russian oil loaded by March 12 to ease global energy market disruptions caused by Middle East conflict.
- On Thursday, the United States Treasury Department announced a temporary lifting of sanctions on Russian oil already loaded on ships as of March 12, 2026, easing global supply pressure.
- Iran has effectively closed the Strait of Hormuz, a chokepoint carrying nearly 20% of the world's oil, forcing Gulf states to restrict production and driving crude prices above $100 per barrel.
- President Trump authorized a 172 million barrel release from the Strategic Petroleum Reserve earlier this week, coordinated with 32 International Energy Agency member countries, including Germany and France.
- Urging the European Union to suspend its own sanctions, Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó welcomed the decision, though EU Commissioner for Economy and Productivity Valdis Dombrovskis insisted the bloc must maintain maximum pressure on Russia.
- The Treasury Department reported the limited exemptions remain in place until April 11, while Defense Secretary Pete Hegseth noted on Friday that the United States is "dealing" with Iran's "expressing sheer desperation in the Strait of Hormuz.
126 Articles
126 Articles
What Trump's 'jackpot for Putin' move on Russian oil sanctions means
The United States issued a temporary license on March 12 allowing countries to purchase Russian oil currently stranded at sea in an effort to stabilize global energy prices, the U.S. Treasury Department announced. The decision marks a major shift in Washington's sanctions enforcement strategy. Washington had previously framed potential sanctions relief as leverage to push Russia toward concessions in negotiations to end its full-scale war agains…
Donald Trump raises the sanctions against the tsar crude oil to buffer the block of Hormuz and calm the prices, but the EU (including us) opposes and so the Brent remains on the maxims. All in order not to admit that without Vladimir Putin we are ko. The United States loosens the sanctions against Russia. Already a week ago, after the first bombs on Tehran, the American Treasury had authorized the Indian refineries to purchase millions of barrel…
US Temporarily Eases Russia Oil Sanctions As Iran War Pushes Up Prices
The US has temporarily eased sanctions on Russian oil already on ships at sea. A move aimed at calming a global energy market shaken by the US‑Israel war with Iran.But will it really help—or just pad Putin’s wallet?Treasury Secretary Scott Bessent stressed the measure is “short-term” and meant to support market stability, not enrich Moscow. Still, Russia’s economic envoy, Kirill Dmitriev, argued it’s proof the world “cannot remain stable without…
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US eases some Russian oil sanctions but crude prices stay high
The U.S. is temporarily easing part of its sanctions measures on Russian oil, a reflection of global worries about sharply higher oil prices due to the Iran war. U.S Treasury Secretary Scott Bessent says the U.S. will lift sanctions for…
Macron says no 'respite' for Russia despite war in the Middle East
With US-Israeli strikes against Iran having led to oil prices rising above $100 a barrel, the US has temporarily allowed some Russian oil to be sold despite its sanctions. In response, Emmanuel Macron vowed to keep up pressure on Russia.
Russia would have sold the same amount of oil, but now gets a better price, says Professor Veli-Pekka Tynkkynen.
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