US Eases Russian Oil Sanctions to Calm Energy Markets
US eases Russian oil sanctions
Summary
The United States has temporarily eased sanctions on Russian oil in an effort to stabilise global energy markets, where crude prices have been surging in the wake of US-Israeli military strikes on Iran. The move marks a significant policy shift as Washington attempts to offset the energy supply disruptions caused by the escalating conflict in the Middle East. The suspension is expected to inject additional oil supply into markets rattled by the ongoing Iran crisis.
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