The United States has issued a temporary authorization allowing shipments of Russian oil already loaded onto tankers before March 12, 2026 to be delivered despite existing sanctions, according to the U.S. Treasury’s Office of Foreign Assets Control. The exemption, valid until April 11, permits shipping, insurance and port services required to complete deliveries of Russian crude and petroleum products already at sea. The move comes as global energy markets face growing volatility amid supply disruptions and rising tensions in the Middle East, pushing oil prices higher and raising concerns about global shortages. Russian officials say the decision reflects the continuing importance of Russian energy in maintaining stability in global oil markets.
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US-Iran War 2026 Latest Updates: Full coverage of the military escalation and frontline developments between the United States and Iran. Featuring technical nek analysis of US Air Force strikes and IRGC ballistic operations. Reported by the Times Now World editorial team.
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