US Reverses Stance: Urges Nations to Buy Russian Oil Amid Price Surge

• The US, initially against Russian oil, now encourages countries to buy it due to soaring crude prices.
• US Treasury Department approved temporary sale of Russian oil loaded by March 12, valid until April 11.
• Decision comes as US-Iran war escalates, causing 40-50% rise in crude prices since February 28.
• IEA warns of potential biggest oil supply disruption if conflict worsens or sea routes close.
• Iran's Mojtaba Khamenei threatens to target Strait of Hormuz, a vital global oil trade route.