United States ( The cow news digital ) The United States has announced a temporary relaxation of sanctions on the purchase of Russia-origin oil and petroleum products currently at sea, granting a 30-day window for their sale and transport. The decision comes amid efforts to stabilize the global energy market affected by ongoing tensions linked to the Iran conflict.
According to international media reports, the US government has issued a special license allowing shipments of Russian crude oil and petroleum products already loaded onto vessels to continue being transported and sold. The authorization applies to cargo that was on ships by March 12 and will remain valid until April 11, Washington time.
US Treasury Secretary Scott Bessent said the move aims to reduce volatility in the global energy market, which has been experiencing major disruptions due to escalating geopolitical tensions and concerns over supply routes.
Following the announcement, Asian oil markets reportedly saw a slight decline in prices on Friday morning, reflecting cautious optimism that the temporary easing of sanctions may help maintain energy supply and reduce immediate market pressure. Analysts say the measure is part of the Donald Trump administration’s broader efforts to control rising energy prices.
Global energy supplies have been under strain since military tensions intensified in the Middle East. Attacks and counter-attacks between Iran and its adversaries have affected shipping routes, particularly near the Strait of Hormuz, one of the world’s most critical oil transit corridors. Disruptions in the region have slowed the flow of oil and gas shipments from Middle Eastern producers.
In addition to easing sanctions temporarily, Washington recently announced the release of 172 million barrels of crude oil from the US Strategic Petroleum Reserve to help stabilize global supply. The step forms part of a broader initiative coordinated with the International Energy Agency, whose 32 member countries plan to collectively release around 400 million barrels into the market.
Despite the US move, European leaders have expressed caution. Ursula von der Leyen stated that the current situation does not justify easing sanctions on Russia, emphasizing the need to maintain pressure.
Reports indicate that around 124 million barrels of Russian oil are currently stored aboard ships at approximately 30 locations worldwide. The temporary exemption allows these shipments to reach buyers and enter the market, potentially easing short-term supply concerns during a period of geopolitical instability.
