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Originally published by Capital Business
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business
March 13, 2026
4h ago

US eases Russia oil sanctions as Iran war pushes up energy prices

US eases Russia oil sanctions as Iran war pushes up energy prices

US Treasury Secretary Scott Bessent said it was a temporary measure to "promote stability in global energy markets" during the war. The authorisation will last until 11 April. Kenya breaking news | Kenya news today |..

✨ Key Highlights

The US has temporarily eased sanctions on Russian oil for vessels already at sea, aiming to stabilize global energy markets amid the ongoing conflict with Iran. This measure is in response to escalating tensions in the Gulf and disruptions to vital shipping routes.

  • The authorization allows the purchase of sanctioned Russian oil and petroleum loaded on vessels at sea, lasting until April 11.
  • US Treasury Secretary Scott Bessent stated it's a temporary measure to "promote stability in global energy markets."
  • Attacks on shipping in the Gulf have driven oil prices back above $100 a barrel, prompting actions like the International Energy Agency's commitment to release 400 million barrels of oil.

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