U.S. temporarily eases sanctions on Russian oil

The license is valid for 30 days and applies specifically to shipments that were loaded before new restrictions took effect. According to market estimates, roughly 120 to 124 million barrels of Russian crude are currently stranded on tankers due to sanctions and geopolitical disruptions.

Washington’s decision comes amid heightened tensions in global energy markets. Recent geopolitical developments in the Middle East, including escalating conflict involving Iran, have increased concerns about supply disruptions and contributed to rising oil prices.

Officials stressed that the measure is intended as a temporary stabilization tool rather than a broader rollback of sanctions. The core restrictions on Russia’s energy sector, introduced after the country’s invasion of Ukraine, remain in place.

Nevertheless, the move reflects the delicate balance facing policymakers. On one hand, governments are seeking to prevent sharp price spikes in global oil markets. On the other hand, easing restrictions could potentially allow additional revenue flows to Russia’s energy industry.

Oil markets reacted cautiously to the announcement. Traders noted that while the temporary license may release some supply currently stuck at sea, broader geopolitical risks continue to dominate sentiment in global energy markets.

SK