US Expands Russian Oil Waiver to Other Nations Amid Rising Prices

• US grants temporary authorization for other countries to purchase Russian oil currently stranded at sea.
• Decision comes amid rising oil prices and no immediate end to the US war on Iran, aiming to stabilize global energy markets.
• A similar waiver was previously granted to India to help cool down oil prices after the Ukraine war sanctions.
• US Treasury Secretary Scott Bessent announced the "narrowly tailored, short-term measure" on X.
• The authorization applies only to oil already in transit and is not expected to provide significant financial benefit to the Russian government.