Washington, United States, March 7, 2026 (AFP) - US Treasury secretary hints at lifting more Russian oil sanctions

NAMPA / AFP

2026-03-07

US Treasury Secretary Scott Bessent said Friday his government was considering lifting sanctions on more Russian oil, a day after it temporarily authorized India to buy from Moscow as global oil prices surged. The US-Israel war on Iran and Tehran's retaliatory attacks across the Gulf region have upended the world's energy and transport sectors, virtually halting activity in the Strait of Hormuz. Crude soared 8.5 percent on Friday and was up nearl......

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