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US temporarily lifts sanctions on Russian oil amid Iran prices spike

by LJ News Opinions
March 12, 2026
in Business
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The U.S. is temporarily removing sanctions on Russian oil currently stranded at sea, Treasury Secretary Scott Bessent announced late Thursday — the latest move by the Trump administration attempting to stymie soaring energy prices amid the war with Iran. Bessent wrote in a post on the social platform X that the “narrowly tailored” measure “will…

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