US allows purchase of stranded Russian oil for 30 days
The United States issued a 30-day license for countries to buy stranded Russian oil to stabilize markets. This follows oil prices rising above $100 per barrel.
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The United States government has issued a 30-day license permitting international buyers to acquire Russia oil and petroleum products currently stranded at sea. This emergency measure, announced by Treasury Secretary Scott Bessent, is intended to stabilize global energy markets that have been severely impacted by the ongoing conflict involving Iran.
