Washington, D.C., United States — March 13, 2026
Rising tensions in West Asia and fears of disruptions to global energy supplies have prompted the United States to temporarily allow countries to purchase certain shipments of Russian oil already in transit.
The move comes as the ongoing military confrontation involving Iran has intensified, increasing uncertainty in global oil markets and pushing energy prices higher.
Iran Conflict Raises Global Energy Concerns
West Asia has seen escalating tensions over the past two weeks as military strikes and retaliatory actions between regional powers have heightened the risk of disruptions to oil and gas infrastructure.
Iran has warned that if its energy facilities are targeted, it could retaliate by disrupting energy infrastructure across the region. Such warnings have alarmed energy markets, given that West Asia plays a central role in global oil supply.
U.S. Treasury Announces Temporary Policy Change
The United States Department of the Treasury issued a notice allowing countries to purchase Russian oil that is already loaded on ships and currently in transit.
Officials said the decision aims to stabilize global energy markets and prevent further spikes in oil prices during a period of geopolitical instability.
The policy shift comes amid ongoing military actions involving the United States and Israel against Iran, which have significantly raised tensions across the region.
India Previously Received Similar Permission
Earlier this month, the United States had already granted a similar temporary waiver to India.
On March 5, Washington allowed India to continue buying Russian oil for a limited period of 30 days to help maintain supply stability in international energy markets.
The administration said the decision was designed to ensure that global oil flows remain stable while geopolitical tensions persist.
U.S. Officials Emphasize Market Stability
U.S. Treasury Secretary Scott Bessent stated in a post on the social media platform X that the administration is taking rapid steps to maintain stability in global energy markets.
He added that the United States is also working to address the security challenges posed by Iran and the broader regional instability.
Bessent clarified that the authorization applies only to Russian oil shipments that were already loaded and in transit, and does not represent a broader relaxation of sanctions.
Limited Economic Benefit for Russia
According to U.S. officials, the temporary authorization is unlikely to significantly benefit Russia economically.
Bessent explained that most of Russia’s energy-related revenue comes from taxes imposed during the oil production stage rather than from shipments already exported.
He also highlighted that U.S. energy policies have helped domestic oil and gas production reach record levels, which has contributed to stabilizing fuel prices for American consumers.
Oil Prices Surge Amid Global Uncertainty
Energy markets have been reacting strongly to the ongoing crisis. Global oil prices have risen sharply as traders assess the potential impact of disruptions in West Asia.
Officials say the recent price increases are likely temporary, but markets remain sensitive to developments in the region.
For now, policymakers around the world are closely monitoring the situation as geopolitical tensions continue to influence global energy markets.
