WORLDglobal
US eases some Russian oil sanctions but crude prices stay high
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Updated 8 hours ago
First seen March 15, 2026 16:44:09Stay on top of this story
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Quick Summary
The US is temporarily easing some sanctions on Russian oil shipments, reflecting global concerns over sharply higher crude prices due to supply shortages stemming from the Iran war. The move, intended to soothe jittery markets over the disruption of Middle Eastern oil and gas supplies, underlines how the war has boosted Moscow’s ability to profit from its energy exports, a pillar of the Kremlin’s budget as it presses its invasion of Ukraine. US sanctions will not apply for 30 days on deliveries