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US Eases Russia Oil Sanctions As Iran War Disrupts Energy Markets. The United States has temporarily eased restrictions on countries buying Russian oil already loaded on ships at sea, as rising energy prices fuel concerns about global supply. US Treasury Secretary Scott Bessent said the waiver is a short-term measure aimed at stabilising energy markets during the conflict involving Iran, the US and Israel. He stressed the move should not provide significant financial benefit to Russia. The decision comes as attacks on ships and energy infrastructure in the Gulf have shaken global markets. Oil prices climbed above 100 dollars a barrel again after several cargo vessels were struck and Iran’s leadership vowed to keep blocking the Strait of Hormuz, a route through which roughly a fifth of the world’s oil normally travels. Russia says about 100 million barrels of its oil are currently in transit. The waiver will last until April 11 and applies only to oil already at sea. The US has also announced plans to release oil from its strategic reserves to help ease pressure on global supplies.
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