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US Allows Russian Oil Sales Amid Energy Crisis

Published 2 weeks, 5 days ago
Description

US Treasury grants temporary license for Russian oil sales, easing energy crisis amid Middle East conflict. Sanctions relaxation allows stranded Russian oil to reach buyers, boosting global supply without significant revenue for Russia. War in Middle East disrupts shipping, causing fuel cost concerns for families and businesses. Trump administration considers broader sanctions options amid supply crunch, as war slows traffic through Strait of Hormuz.

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