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Thursday, March 12, 2026

US Treasury Gives Green Light for Sale of More Russian Oil

 


The US has issued its second authorization for buyers to take Russian oil cargoes already at sea, a move intended to ease growing pressure on prices as the war in the Middle East continues.

Treasury Secretary Scott Bessent, in a social media post, said the move was designed to be a “narrowly tailored, short-term measure” that “applies only to oil already in transit and will not provide significant financial benefit to the Russian government.”

https://www.bloomberg.com/news/articles/2026-03-13/us-treasury-gives-green-light-for-sale-of-more-russian-oil

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