US EditionWar Rattles Markets, US Turns to Russian Oil with 30-Day Waiver to Cool Prices
- The United States issued a 30-day general license allowing sales of Russian-origin crude oil and petroleum products to ease global energy market pressures amid West Asia tensions, valid until April 11 and excluding transactions involving North Korea, Cuba, and Crimea.
- The West Asia conflict escalated with attacks on Iran's South Pars Gas Field and Qatar's LNG facilities, leading to fears of a global supply crunch and surging oil and gas prices.
- Qatar suspended LNG production on March 2 due to Iranian drone attacks; it is the world's second-largest LNG exporter, accounting for nearly 20% of global LNG shipments.
- U.S. Treasury Secretary Scott Bessent stated that the United States may un-sanction 140 million barrels of Iranian oil to control prices, using these measures as levers to influence global energy costs.
11 Articles
11 Articles
North Korea Times
Fresh 30-day waiver for Russian Oil issued by US amid global energy crisis, adding Cuba, N.Korea exceptions: Report
The United States has issued a new 30-day general license allowing the sale of Russian-origin crude oil and petroleum products, as global energy markets remain under pressure due to escalating tensions in West Asia. According to a Reuters report, the U.S. Treasury Department on Thursday released a fresh waiver to replace an earlier license granted on March 12. The new license, which will remain valid until April 11, permits transactions involving
Fresh 30-day waiver for Russian Oil issued by US amid global energy crisis, adding Cuba, N.Korea exceptions: Report - The Tribune
The United States has issued a new 30-day general license allowing the sale of Russian-origin crude oil and petroleum products, as global energy markets remain under pressure due to escalating tensions in West Asia.
Conditions for US-Russia Rapprochement Fall Into Place
Seven months after the historic Alaska summit between Russia and the United States, the time may finally be right for a rapprochement. In a frenzy to boost oil supplies with the all-important Strait of Hormuz effectively blockaded by Iran, last week the U.S. issued a 30-day waiver for the sale of sanctioned Russian oil and […] The post Conditions for US-Russia Rapprochement Fall Into Place appeared first on Geopolitical Futures.
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