US waiver frees almost 20 million barrels of Russian oil for sale

US waiver frees almost 20 million barrels of Russian oil for sale

The move aims to ease supply pressures and cool oil prices that have crossed $100 per barrel amid the Iran war and concerns over the Strait of Hormuz.The license, announced by Treasury Secretary Scott Bessent, applies to shipments loaded by March 12 and valid until April 11. Mar 13, 2026
US gains when oil prices rise: Trump

US gains when oil prices rise; Trump boasts "we make a lot of money"

U.S. President Donald Trump stated that rising oil prices benefit the United States, as it is the world's largest crude producer. He emphasized that his top priority is preventing Iran from acquiring nuclear weapons, warning that Tehran's ambitions threaten regional and global security. Mar 13, 2026