US Treasury considers lifting Russian oil sanctions amid energy crisis. Treasury Secretary Scott Bessent announced Friday that the government may ease restrictions on additional Russian crude supplies already at sea, following temporary authorization for India to purchase Moscow oil. The move comes as crude prices surged 8.5 percent on Friday and climbed nearly 30 percent weekly after escalating Middle East tensions disrupted the Strait of Hormuz. Bessent stated hundreds of millions of barrels of sanctioned crude remain stranded on vessels, and unsanctioning them could inject critical supply into global markets. Washington maintains these measures target existing supplies in transit rather than broadly easing Ukraine-related sanctions on Russia.
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