Treasury Chief Bessent Signals Possible Rollback of Russian Oil Sanctions

Mar 07, 2026

∙ Paid

Bessent calls $20 billion lifeline to Argentina a 'mission-critical' function of Treasury during shutdown | CNN Business

The United States is weighing whether to loosen more sanctions on Russian oil after granting India temporary permission to purchase cargoes stranded at sea.

The move comes as global oil markets tighten amid escalating conflict in the Middle East and disruptions to shipping routes near the Strait of Hormuz.

The U.S. Treasury issued a 30-day waiver allowing…

Continue reading this post for free, courtesy of Tony Michaels.

Or purchase a paid subscription.