U.S. Issues New License for Russian Oil Sales as Strategic Reserve Release Aims to Ease Price Surge - Diina Dubai - Your Intuitive Insights to everything Local

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Author name: Reuters

U.S. Issues New License for Russian Oil Sales as Strategic Reserve Release Aims to Ease Price Surge

date Mar 13, 2026

the license covers oil and petroleum products loaded on vessels as of march 12. the license comes a day after the u.s. announced that the U.S. would be releasing 172 million barrels of oil from the strategic petroleum reserve in an effort to curb sky-rocketing oil priciencies'

Source: emirates247.com

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