Trump administration allows for Russian oil sales as energy prices soar [View all]

The move is likely to be a boon to Russia as the United States tries to stem the economic fallout from its war on Iran.

The Trump administration on Thursday night temporarily lifted sanctions on Russian oil shipments in an effort to calm markets and stem the economic fallout from its war on Iran, which has sent crude prices spiraling upward.

A general license issued by the Treasury Department allows Russia to begin selling some 128 million barrels of oil that are estimated to have already been loaded onto tankers previously sanctioned by the United States. The license expires after 30 days.

“To increase the global reach of existing supply, @USTreasury is providing a temporary authorization to permit countries to purchase Russian oil currently stranded at sea,” Treasury Secretary Scott Bessent posted Thursday night on X. “The temporary increase in oil prices is a short-term and temporary disruption that will result in a massive benefit to our nation and economy in the long-term.”

https://www.washingtonpost.com/business/2026/03/12/russian-oil-sanctions-lifted-iran/


Krasnov strikes again.

One judge with a spine could have stopped all this

Very bad news for Ukraine