… specific licenses as needed. This general license will help stabilize the physical crude market and ensure oil reaches the most energy-vulnerable countries..@USTreasury is issuing a temporary 30-day general license to provide the most vulnerable nations with the ability to temporarily access Russian oil currently stranded at sea.
— Treasury Secretary Scott Bessent (@SecScottBessent) May 18, 2026
This extension will provide additional flexibility, and we will work with these nations to provide…
It will also help reroute existing supply to countries most in need by reducing China’s ability to stockpile discounted oil.
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