The United States Department of the Treasury eased sanctions on Russia’s oil exports to help lower global energy prices during the conflict with Iran, Treasury Secretary Scott Bessent said.
A temporary license from the Office of Foreign Assets Control allows countries to buy Russian oil already loaded onto ships for 30 days, until April 11. Officials said the move is meant to increase global supply without significantly benefiting Russia.
Oil prices fell after the announcement, while Donald Trump said the United States could profit from rising energy prices, drawing criticism from Senator Mark Kelly.
Credit : CGTN
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