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U.S. moves to exempt Russian oil from sanctions for at least 30 days

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Mar 13, 2026 - 15:00
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U.S. moves to exempt Russian oil from sanctions for at least 30 days
A long ship is shown in a body of water from a distance.

The United States issued a 30-day licence for countries to buy Russian oil and petroleum products currently stranded ‌at sea in what Treasury Secretary Scott Bessent said was a step to stabilize global energy markets roiled by the Iran war.

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