US Eases Russia Oil Sanctions as Iran War Pushes up Energy Prices

Zelenskyy says US 30-day waiver on Russian oil sanctions is 'not the right decision'

Breaking News, Sports, Manitoba, Canada

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

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.

Trump's U-turn on Russian oil sanctions is a major coup for Putin

Russia has reportedly been pocketing as much as $150m a day in extra oil revenues as a result of the Iran crisis.

Russia profits from Iran crisis as oil prices surge

Russia is earning nearly $588 million daily from fossil fuel exports in March—a 17 percent increase since February—as the Iran conflict disrupts Gulf oil supplies and drives prices higher, new analysis shows.

Dramatic moment Scott Bessent is yanked from interview for urgent talks in situation room: ‘The president wants you right away’

President Trump ordered Treasury Secretary Scott Bessent, who was in the middle of an interview, to the White House Situation Room as the administration deals with the financial fallout of the Iran war.

US lifts sanctions on Russian oil as Trump derides Iran’s leaders as ‘deranged scumbags’

Iran’s new leader vowed to keep blocking the Strait of Hormuz, through which a fifth of the world’s oil supplies ordinarily moves.