US Allows Russian Oil Sales, Aims to Calm Energy Prices
US News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Trump Administration Grants Russia Oil Export License, Aims to Stabilize Energy Prices
The Trump administration has issued a thirty-day license allowing about one hundred twenty-eight million barrels of Russian oil already loaded on tankers to hit global markets. This temporary step aims to calm surging energy prices shaken by the ongoing war with Iran. The move boosts supply without new production, helping shield consumers from higher costs at the pump. However, critics worry it hands cash to Moscows war efforts. The administration insists the relief is narrow and wont deliver big gains to Russia. Meanwhile, the U.S. and partners have tapped strategic reserves to ease shortages.
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