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US temporarily lifts sanctions on Russian oil amid Iran prices spike

Mar 13, 2026Center

The U.S. is temporarily removing sanctions on Russian oil currently stranded at sea, Treasury Secretary Scott Bessent announced late Thursday — the latest move by the Trump administration attempting to stymie soaring energy prices amid the war with Iran. Bessent wrote in a post on the social platform X that the “narrowly tailored” measure “will…

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