US allows sale of Russian oil at sea as Middle East war sends energy prices soaring
The United States will temporarily allow the sale of Russian oil already at sea, as energy prices surge amid escalating conflict in the Middle East.
Summary
The US Treasury Department's recent decision to permit the sale of Russian oil at sea is a strategic response to the current surge in energy prices linked to ongoing conflicts in the Middle East.
This temporary license specifically applies to oil that has already been loaded onto vessels, allowing for transactions over the next 30 days.
The move comes in the context of heightened energy market volatility following US-Israeli military actions in the region, which have contributed to rising prices.
Key Facts
| Fact | Value |
|---|---|
| Primary source | France 24 |
| Source count | 2 |
| First published | 2026-03-13T01:17:07.000Z |
Updates
Update at 01:18 UTC on 2026-03-13
CNBC reported The U.S. has temporarily authorized the purchase of Russian oil stranded at sea to stabilize energy markets.
Sources: CNBC