US Administration Grants Temporary License for Limited Russian Oil Purchases Amid Global Market Pressure

Washington D.C. -- The US administration has granted temporary permission to some countries to purchase a limited amount of oil from Russia. The administration led by President Donald Trump issued this new license on Thursday. According to US Treasury Secretary Scott Bessent, the temporary permission was given to sell Russian oil shipments stuck at sea with the aim of increasing supply in the global market.He stated via social media that this is only a short-term and limited authorization. He added that since the main part of Russia's energy revenue comes from taxes imposed during oil extraction, this will not provide...