March 13, 2026
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0:30Now PlayingFrench president Emmanuel Macron met his Ukrainian counterpart Volodymyr Zelenskyy in Paris on Friday to discuss latest developments following a U.S. decision to ease sanctions on Russian oil. #politics #worldnews #ukraine #france #russia #iran
The US issued a second authorization to let countries buy more Russian oil stuck on tankers due to sanctions to prevent prices from surging.
The temporary move only applies to oil already in transit and won't provide significant financial support for the Russian government, according to Treasury Secretary Scott Bessent.
It's unclear how much extra oil the step will free up in practice and it represents a fraction of what's been lost because of the Hormuz turmoil this month.
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