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Oil tankers and cargo ships line up in the Strait of Hormuz, 11 March 2026

Economy

Video. US expands Russian oil waiver to all countries in bid to cool prices

Updated: 13/03/2026 - 12:22 GMT+1

The US has expanded a temporary sanctions waiver on the purchase of stranded Russian oil from India alone to all countries worldwide as part of ongoing efforts to ease pressure on global energy prices.

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