Category: Business
The Trump administration issued a short-term sanctions waiver allowing countries to buy certain Russian crude oil and petroleum products that were already loaded on ships and “at sea.” The aim is to ease tight global supplies and cool a spike in oil and gasoline prices tied to the Iran war and broader Middle East disruptions [3][11][2][8][5]. Multiple outlets say the authorization is temporary—about 30 days—with a window running to April 11, 2026, and it applies to oil already in transit rather than opening a broad new channel for fresh Russian exports [2][11]. Euronews says the waiver was broadened from India-only to buyers worldwide, a shift described as a way to give refiners and traders more flexibility as supply chains strain [1]. Treasury Secretary Scott Bessent acknowledged the move could bring Russia some money, but called it narrowly tailored and limited in its expected impact on the Russian government’s revenue [5][2].
Primary Source: View original article
US Treasury Secretary Scott Bessent: He said the authorization is temporary and narrowly tailored to oil already in transit, while acknowledging Russia could see some financial benefit.
Sources: The New York Times
The Guardian (consumer-price focus): It framed the move as part of an effort to reverse a price surge and keep US fuel prices low.
Sources: The Guardian
Euronews (breadth of waiver): It reported the waiver was expanded from India-only to all buyers worldwide as part of efforts to ease pressure on global energy prices.
Sources: Euronews
Additional Sources:
Sources: reddit.com, bloomberg.com, theguardian.com, bbc.com, cbsnews.com, euronews.com, abcnews.com, businessinsider.com, ft.com, nytimes.com, firstpost.com
{
"articles": [
{
"date": "2026-03-13T09:42:59+00:00",
"domain": "euronews.com",
"image": "",
"image_caption": "",
"link": "http://www.euronews.com/business/2026/03/13/us-expands-russian-oil-waiver-to-all-buyers-in-bid-to-tame-prices",
"title": "US expands Russian oil waiver to all buyers in bid to tame prices"
},
{
"date": "2026-03-13T04:10:50+00:00",
"domain": "businessinsider.com",
"image": "https://kagiproxy.com/img/HaaMwG7bH-VbONZYwI4FFxbhtMUPqUGSOIeWw0F_fDyIHehM3Zi__Nnr87mBKOxh5AA9j_tShTBFYIeR882AV-JLdxx0_7nNw0UHwN93YiJNaRbLbCc",
"image_caption": "",
"link": "https://www.businessinsider.com/us-temporarily-lift-sanctions-rusian-oil-kremlin-ukraine-war-iran-2026-3",
"title": "The US is temporarily lifting sanctions on Russian oil, a key pressure point for the Kremlin\u0027s war chest"
},
{
"date": "2026-03-13T03:36:01+00:00",
"domain": "cbsnews.com",
"image": "",
"image_caption": "",
"link": "https://www.cbsnews.com/news/trump-administration-allows-purchase-of-russian-oil-already-at-sea/",
"title": "Trump administration allows purchase of Russian oil already at sea"
},
{
"date": "2026-03-13T06:59:55+00:00",
"domain": "abcnews.com",
"image": "https://kagiproxy.com/img/_sdJ7p2gCwz8ITQ3Hq9exy8Od3tv1sNu99WsU3Lj9c4xnRPTIOtZBVsZXmfwF1tizyTDZEp4TEzVovmLI1zzwOeHIGLdenX909NoS5LcIiesAnuUII2BOWvw-BSfuA86ZkGfJ0QLZrT_jkk",
"image_caption": "",
"link": "https://abcnews.com/Business/wireStory/trump-administration-takes-steps-ease-sanctions-russian-oil-131022333",
"title": "Trump administration takes steps to further ease sanctions on Russian oil as crude prices surge during Iran war"
},
{
"date": "2026-03-13T01:32:01+00:00",
"domain": "nytimes.com",
"image": "https://kagiproxy.com/img/xaV4T5z3sBpXZweWgRg9gItubHlChd-ysWByNAFQJU2ipeAJdnw843utECjMUQsq5cV8aBIRa5geIJK763snKHrMRohI8dmFyiqX7kp7uOL7lBKKHgQ8aXiky600bUHOaMN-JLE4DGBNMF3lPdzNjPK77XCSCx4TQz2Jffi3JvMJb7erbPP5kMsozZZyEyw2wjVcM9zcyh_LIw",
"image_caption": "Treasury Secretary Scott Bessent said on Thursday that Russia would not benefit significantly from the sanctions relief but acknowledged that it would see some financial benefit.",
"link": "https://www.nytimes.com/2026/03/12/us/politics/trump-russia-oil-sanctions.html",
"title": "Trump Removes Sanctions on Russia to Help Oil Flow Amid Iran Conflict"
},
{
"date": "2026-03-13T08:21:06+00:00",
"domain": "nytimes.com",
"image": "https://kagiproxy.com/img/YZcMCnk7_kvnj5HF21l-HnI-SlUXlKz4tm5wdUCiBYnap4HBWo54XrsHoudV7TSbqp_DbBZXhE3TNEVyuSB8RLLuCY7Kg-PLvrbQRucpiO-jQq4e_7jwYyaHXJO_beUMLRUxYGPuadY12DtE1YFKOjthpwGCni2928P4d9YYRDHzyr_LlmkbcTXJbH_gwtTGUv4mh2LE3-57P7XiwmPcGbTkZKP6sA",
"image_caption": "",
"link": "https://www.nytimes.com/2026/03/12/business/oil-stock-gas-markets-iran.html",
"title": "Oil Prices Rise Despite Trump\u2019s Decision to Lift Russia Sanctions"
},
{
"date": "2026-03-13T00:30:41+00:00",
"domain": "reddit.com",
"image": "",
"image_caption": "",
"link": "https://www.reddit.com/r/economy/comments/1rs8hni/us_allows_countries_to_buy_russian_oil_stranded/",
"title": "US allows countries to buy Russian oil stranded at sea for 30 days | Reuters"
},
{
"date": "2026-03-13T06:21:29+00:00",
"domain": "theguardian.com",
"image": "https://kagiproxy.com/img/b8xubZrJvnp2ABMeD7cL5tzEKFg3eCEu6z9wcEVcyJMSVmFNnycUZwEfh5d1QOOQ2OmMSw24VdIEcrWE-k6do_SoMfaLWolLWGkvfTu6apr9whAaZ4DWpq8npZVYqC2CrEuX9hrZSXt4trtX7769bWMJAqUOHjG00l9DPSrcVQ6XUUx5Iez8zZVxkgkdL0UEn_2IfpOwxavcsEiC1Mc3FwDcdfGFyuqo9M9aDhvoaSCh7zNuAsNYhexAH5S93Oz-JqZzqTOQp42-qlUWR_sd",
"image_caption": "",
"link": "https://www.theguardian.com/world/2026/mar/13/iran-war-oil-prices-russian-sanctions-lifted",
"title": "US temporarily lifts sanctions on Russian oil at sea as Iran war sees global prices surge"
},
{
"date": "2026-03-13T06:25:14+00:00",
"domain": "bloomberg.com",
"image": "",
"image_caption": "",
"link": "https://www.bloomberg.com/news/audio/2026-03-13/putin-linked-iran-strikes-us-licenses-russian-oil-sales-more",
"title": "Putin-Linked Iran Strikes, US Licenses Russian Oil Sales, More"
},
{
"date": "2026-03-13T05:38:43+00:00",
"domain": "ft.com",
"image": "",
"image_caption": "",
"link": "https://www.ft.com/content/f5e5d4a4-5d7d-4aea-b64e-d9b0a506d301",
"title": "FirstFT: US to ease Russian oil sanctions"
},
{
"date": "2026-03-13T09:54:52+00:00",
"domain": "bbc.com",
"image": "",
"image_caption": "",
"link": "https://www.bbc.com/news/articles/clyzj3g3pygo",
"title": "US eases Russia oil sanctions as Iran war pushes up energy prices"
},
{
"date": "2026-03-13T05:51:32+00:00",
"domain": "firstpost.com",
"image": "https://kagiproxy.com/img/a6HenJn9MrqwzlykjBxBA72cuROX3pdf-cAla4n4io5Q_tr-mAga4DyvlBeGCwTJPgS_2RpiUvauLWI5VzY7ApSdohFjSu56z6Tb8wjLWuHEeegniYkjD_5pZsC_hJqXp22tngoo6M9fkQKz7ENs0_t45aNGz8pphCy2rPWRZA",
"image_caption": "",
"link": "https://www.firstpost.com/business/us-suspends-sanctions-on-russian-oil-stranded-at-sea-amid-tensions-in-west-asia-13988996.html",
"title": "US suspends sanctions on Russian oil \u0027stranded at sea\u0027 amid tensions in West Asia"
},
{
"date": "2026-03-13T06:10:49+00:00",
"domain": "firstpost.com",
"image": "https://kagiproxy.com/img/bxQtq1cc8Ic5xQ07P84Apo1LN9KKjlRiJz_idAUfUNdNV9CJ1kk22kJy7Z5Ywt_YFStDOtcGNEqNei6LbZbpXKlgWvPpC4dd1ead_tXzdBzPxqptCVJ0bntU1CUJn8WvZIa8Q6qk1VWeR8E7yoErzabebFfIRg9bCxZi9A",
"image_caption": "",
"link": "https://www.firstpost.com/business/us-allows-countries-to-buy-russian-oil-stranded-at-sea-to-ease-global-supply-crunch-amid-west-asia-crisis-13989029.html",
"title": "With crude nearing $100, US allows Russian oil already at sea to re-enter global markets"
}
],
"category": "Business",
"cluster_number": 1,
"did_you_know": null,
"domains": [
{
"favicon": "https://kagiproxy.com/img/xY57Z4KSTw2tq1v_sN9c8tv7Wj2ywX5TTwxPHH97AbpkJEXeVqKMw-YoJg0m2a-icmHdQDMr9JxvVc9TpgVNI7kZvLEWWpWB0_UMJvEOCTA",
"name": "reddit.com"
},
{
"favicon": "https://kagiproxy.com/img/dY8Qia91JFrhd7HWGeIwIuo9W17PfMzEsIfkVXPORFdf2pFaT3mbTMiAu5o6yB2zhXuzrchICDr8tpqnsgeb03SxkoTXEE7PCAHMeHuoKwkD2q0",
"name": "bloomberg.com"
},
{
"favicon": "https://kagiproxy.com/img/Ha8uHhMxQyhCxd5llTsFNiIzOhwKcKDLOuzEeUepx5lpIxev8CxvZQ7wLvnag1VTP0OuyLckqrDixUYqDqbdk0SLMwItpOA49rc8e-xGp2NQQ6E3Cw",
"name": "theguardian.com"
},
{
"favicon": "https://kagiproxy.com/img/IcywMhDOQjrMDVb1PTcE7tj81TG1B7Ulg__vZ7G5ad3ayJztnjlptvalQmz_m4dGpcUGBcleKBTWu0KX8RS7GslKswz5XS9fkxgMzKA",
"name": "bbc.com"
},
{
"favicon": "https://kagiproxy.com/img/cokxhv5Q3GoL0jN56nsrW5t1nPfN0QFpRxvNGz09Lyt2hN6hSa5FlbIPidMtuMJKHZB0cK0W34gdlB8lTdpntftma4D621tjAKrcWXYmocem",
"name": "cbsnews.com"
},
{
"favicon": "https://kagiproxy.com/img/NFZ-0esADzTcEBcVXj2FmJT7XFSvJCA2jvREjgmIOemcy4HPQB2oaq5JTv6aahnA_LtxZAVCGK72SLr5Ni0rfer5FktXbhlxyRRPTVmAPSsvCQ",
"name": "euronews.com"
},
{
"favicon": "https://kagiproxy.com/img/bZbMGa9lBUMMhyXgSxw-qgIlI1JWgGp9S8dWKK82d96KDb00sro5v9Zp98H0zpuNedyq_7BqPy_HyG5tyyNGKn_gCwL0Ii1GsrJicMrMtWxF",
"name": "abcnews.com"
},
{
"favicon": "https://kagiproxy.com/img/rgsAuSLI6vzmzEH7UdrUxJmCV95hydU-yTLsyIdW3iH93Em6mVL3pmu_BVPHPPahh3nn2wBTzVgfmfnBIi0fxBWc87cKrIMQhgFMIdaSsyG2amU7iuWAQHo",
"name": "businessinsider.com"
},
{
"favicon": "https://kagiproxy.com/img/OLy3WJFYqLRpj8kFu1MPoKDbhSsiNjJW8dPUJ1jYqRDlZ-QNf8sAa-DpRJhmz77RLaXlBHWJrlsnnhXDO884rneFNSKs4GyipDkg0Q",
"name": "ft.com"
},
{
"favicon": "https://kagiproxy.com/img/BojJjciYjGAHFRcikCoJBxaCi9027xtZ-QtdH7qsrN5TS7G0fTLnrqCygsBWfgoID7w7fRXGn7Pjrz-aEab_j29U3dn_dZQ4ZoqIcXTsQ0fn",
"name": "nytimes.com"
},
{
"favicon": "https://kagiproxy.com/img/Pv9dKlLrkL6y9P8woGw5Ai8pSWv-zT57a57km75X_puR-74CpjSjU8vpobTF4fXqe1tcKRBih7ZkJ3Jbv5dfRFU7VwzqkqChltsvqZwZMnVuMQ8",
"name": "firstpost.com"
}
],
"economic_implications": "",
"emoji": "\ud83d\udee2\ufe0f",
"feed_category": "Business",
"future_outlook": "",
"geopolitical_context": "",
"heading_level": 1,
"historical_background": null,
"humanitarian_impact": "",
"industry_impact": [],
"international_reactions": [],
"item_category": "Energy Policy",
"key_players": [],
"location": "",
"number_of_titles": 13,
"perspectives": [
{
"sources": [
{
"name": "The New York Times",
"url": "https://www.nytimes.com/2026/03/12/us/politics/trump-russia-oil-sanctions.html"
}
],
"text": "US Treasury Secretary Scott Bessent: He said the authorization is temporary and narrowly tailored to oil already in transit, while acknowledging Russia could see some financial benefit."
},
{
"sources": [
{
"name": "The Guardian",
"url": "https://www.theguardian.com/world/2026/mar/13/iran-war-oil-prices-russian-sanctions-lifted"
}
],
"text": "The Guardian (consumer-price focus): It framed the move as part of an effort to reverse a price surge and keep US fuel prices low."
},
{
"sources": [
{
"name": "Euronews",
"url": "http://www.euronews.com/business/2026/03/13/us-expands-russian-oil-waiver-to-all-buyers-in-bid-to-tame-prices"
}
],
"text": "Euronews (breadth of waiver): It reported the waiver was expanded from India-only to all buyers worldwide as part of efforts to ease pressure on global energy prices."
}
],
"primary_image": null,
"published": 1773397583,
"quote": null,
"quote_attribution": "Business Insider",
"quote_author": "Scott Bessent",
"scientific_significance": [],
"source_urls": [
"https://abcnews.com/Business/wireStory/trump-administration-takes-steps-ease-sanctions-russian-oil-131022333",
"https://www.reddit.com/r/economy/comments/1rs8hni/us_allows_countries_to_buy_russian_oil_stranded/",
"https://www.businessinsider.com/us-temporarily-lift-sanctions-rusian-oil-kremlin-ukraine-war-iran-2026-3",
"https://www.bloomberg.com/news/audio/2026-03-13/putin-linked-iran-strikes-us-licenses-russian-oil-sales-more",
"https://www.theguardian.com/world/2026/mar/13/iran-war-oil-prices-russian-sanctions-lifted",
"https://www.ft.com/content/f5e5d4a4-5d7d-4aea-b64e-d9b0a506d301",
"https://www.firstpost.com/business/us-allows-countries-to-buy-russian-oil-stranded-at-sea-to-ease-global-supply-crunch-amid-west-asia-crisis-13989029.html",
"https://www.bbc.com/news/articles/clyzj3g3pygo",
"https://www.nytimes.com/2026/03/12/business/oil-stock-gas-markets-iran.html",
"http://www.euronews.com/business/2026/03/13/us-expands-russian-oil-waiver-to-all-buyers-in-bid-to-tame-prices",
"https://www.firstpost.com/business/us-suspends-sanctions-on-russian-oil-stranded-at-sea-amid-tensions-in-west-asia-13988996.html",
"https://www.cbsnews.com/news/trump-administration-allows-purchase-of-russian-oil-already-at-sea/",
"https://www.nytimes.com/2026/03/12/us/politics/trump-russia-oil-sanctions.html"
],
"suggested_qna": null,
"summary": "The Trump administration issued a short-term sanctions waiver allowing countries to buy certain Russian crude oil and petroleum products that were already loaded on ships and \u201cat sea.\u201d The aim is to ease tight global supplies and cool a spike in oil and gasoline prices tied to the Iran war and broader Middle East disruptions [cbsnews.com#1][bbc.com#1][businessinsider.com#1][theguardian.com#1][nytimes.com#1]. Multiple outlets say the authorization is temporary\u2014about 30 days\u2014with a window running to April 11, 2026, and it applies to oil already in transit rather than opening a broad new channel for fresh Russian exports [businessinsider.com#1][bbc.com#1].\n\nEuronews says the waiver was broadened from India-only to buyers worldwide, a shift described as a way to give refiners and traders more flexibility as supply chains strain [euronews.com#1]. Treasury Secretary Scott Bessent acknowledged the move could bring Russia some money, but called it narrowly tailored and limited in its expected impact on the Russian government\u2019s revenue [nytimes.com#1][businessinsider.com#1].",
"talking_points": [
"How officials are framing the impact: Business Insider highlights Bessent\u2019s view that the waiver would \u201cnot provide significant financial benefit\u201d to Russia, even if some revenue comes through as these cargoes clear [businessinsider.com#1].",
"Budget leverage: Business Insider notes Russian energy taxes historically supplied nearly half of federal budget revenues before 2022, which is why oil sanctions have been a central lever for pressuring Moscow [businessinsider.com#1].",
"Shadow shipping: Business Insider reports Russia has kept exporting oil using a so-called \u201cshadow fleet\u201d of third-party tankers, helping flows continue even under sanctions pressure [businessinsider.com#1].",
"Pump-price politics: The Guardian says US officials tied the waiver to efforts to keep fuel prices down after average US fuel prices rose by 65 cents per gallon in a month [theguardian.com#1].",
"Price moves: The New York Times reports oil jumped about 10% on Thursday, and prices showed little immediate reaction to the Russia waiver announcement [nytimes.com#2]."
],
"technical_details": null,
"timeline": [
{
"content": "Russia launches full-scale invasion of Ukraine [businessinsider.com#1].",
"date": "2022",
"date_iso": "2022"
},
{
"content": "US issues temporary license for Russian oil at sea [businessinsider.com#1][nytimes.com#1].",
"date": "12 March 2026",
"date_iso": "2026-03-12"
},
{
"content": "OFAC waiver window is set to expire [businessinsider.com#1].",
"date": "11 April 2026",
"date_iso": "2026-04-11"
}
],
"title": "US expands 30-day waiver for Russian oil",
"unique_domains": 11,
"url": "http://www.euronews.com/business/2026/03/13/us-expands-russian-oil-waiver-to-all-buyers-in-bid-to-tame-prices",
"user_action_items": []
}