00:00The U.S. has issued a 30-day waiver allowing countries to buy sanctioned Russian oil and petroleum products currently
00:08stranded at sea.
00:09It is the latest attempt by Trump administration to stabilize global energy markets and contain prices amid the ongoing conflict
00:17with Iran.
00:19The license issued by Washington permits the delivery and sale of Russian crude and petroleum products that were loaded on
00:26vessels as of March 12.
00:28It will remain valid until midnight Washington time on April 11.
00:32Treasury Secretary Scott Besson said the measure was only short-term, adding that it is not expected to provide significant
00:39financial benefit to the Russian government.
00:42The decision, however, highlights White House concerns that surging oil prices could hurt American businesses and consumers ahead of November's
00:51midterm elections.
00:52Data shows about 124 million barrels of Russian-origin oil are currently at sea across roughly 30 locations worldwide.
01:02It is expected to provide around five to six days of global supply following disruptions in the Strait of Hormuz.
01:10The U.S. has been a very long time for the U.S. has been a long time for the
01:11U.S.
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