US License for Stranded Russian Oil Leads to Drop in Global Prices

Entertainment National Sports Markets Business & Economy Lifestyle World Astrology & Religion Technology Education & Jobs Auto Politics Viral Opinions

Loading more articles...

US License for Russian Oil Drops Prices, But Iran Tensions Threaten Supply

The announcement came a day after the US Energy Department said it would release 172 million barrels of oil from the Strategic Petroleum Reserve. (Representative photo)

M

Moneycontrol•13-03-2026, 07:53

US License for Russian Oil Drops Prices, But Iran Tensions Threaten Supply

•Oil prices dropped after the US issued a 30-day license for countries to buy Russian oil stranded at sea, easing immediate supply concerns.
•Brent futures fell to $99.75 a barrel, and U.S. WTI crude dropped to $94.85 following the announcement.
•Treasury Secretary Scott Bessent stated the license aims to stabilize global energy markets amidst the war in Iran.
•Despite the license, Middle East risks, including Iran's threat to close the Strait of Hormuz and attacks on Iraqi tankers, are re-escalating.
•The US also plans to release 172 million barrels from its Strategic Petroleum Reserve, coordinated with the IEA's 400 million barrel release.

Read Full Article on Moneycontrol in English

✦

More like this

✦

More like this

US allows temporary Russian oil purchase to stabilize global market; India impacted

US allows temporary Russian oil purchase to stabilize global market; India impacted

यह फैसला ऐसे समय आया है जब अमेरिका-ईरान के बीच तेजी से बढ़ता युद्ध वैश्विक ऊर्जा बाजारों को हिला रहा है .

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

President Donald Trump promised that 2026 would bring rapid economic growth in the United States. But recent data on jobs, fuel prices and financial markets paints a more complicated picture, according to an analysis by the Associated Press. Less than two weeks ago, during his State of the Union address, Trump declared that the “roaring economy is roaring like never before.” However, a series of economic indicators released since then highlight areas of concern even as the White House argues that stronger growth is still ahead. Here are six key data points shaping the debate about the US economy in 2026. (Image: Reuters)

US Taps Strategic Reserve: 172 Million Barrels Released to Combat Soaring Oil Prices

अधिकारियों ने बताया कि इस छूट के कारण रूस के ऊर्जा क्षेत्र पर लगे प्रतिबंधों के बावजूद ये शिपमेंट आगे बढ़ सकते हैं

US grants India 30-day waiver to buy stranded Russian oil amid Mideast tensions

Oil prices have surged since February 28, when the United States and Israel launched air strikes on Iran that killed its supreme leader and plunged the Middle East into conflict.

US to release 172M barrels from oil reserve as Middle East war jolts markets

আপনি পেট্রোল বা ডিজেল ভরছেন, আপনি যত লিটারই অনুরোধ করুন না কেন বা আপনি যত টাকারই তেল ভরান না কেন, জালিয়াতি ঘটতে পারে। তবে প্রতারণা এড়াতে আপনি কিছু সহজ সতর্কতা অবলম্বন করতে পারেন।

Oil Supply Crisis Looms: Petrol Pumps, Restaurants May Close; India Gets US Waiver