New York Post
By Victor Nava
Published March 12, 2026
Updated March 12, 2026, 10:57 p.m. ET
The Trump administration temporarily lifted sanctions on Russian oil “stranded at sea” Thursday in an effort to contain skyrocketing energy prices due to Iranian threats against tanker ships.
Treasury Secretary Scott Bessent described the move as one of President Trump’s “decisive steps to promote stability in global energy markets” and keep oil prices low amid the “threat and instability posed by the terrorist Iranian regime.”
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