【Iran Crisis】U.S. Treasury Department Issues Additional License, "Green Light" Allows Buyers to Purchase Russian Oil Already at Sea

SocialAnxietyStaker · 2026-03-13T02:03:57+00:00

Middle East conflict continues to impact oil prices, and the US has issued a new license allowing purchases of Russian oil already at sea, aimed at easing oil price pressure. Treasury Secretary Bessen stated this is a temporary measure targeting only oil already in transit, which will not bring significant benefits to Russia.

SocialAnxietyStaker

2026-03-13 02:03:57

Abstract generation in progress

The Middle East war continues, oil prices remain high. The United States has issued a second license allowing buyers to purchase Russian oil already at sea, easing the increasing pressure on oil prices caused by the Persian Gulf conflict.

U.S. Secretary of the Treasury Janet Yellen posted on social media platform X that President Trump is taking decisive actions to promote stability in the global energy market and efforts to keep oil prices low in response to threats and instability from Iran. She described this as a “narrow, short-term measure” that applies only to oil already in transit and will not bring significant economic benefits to the Russian government.

The measure applies only to oil loaded before March 12, expanding on last week’s one-month exemption granted to India for purchasing Russian oil. The previous exemption covered oil loaded before March 5.

Financial Hot Topics

Is the role of gold as a safe haven failing? Are war fears triggering concerns about interest rate hikes?

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.