US Allows In-Transit Russian Oil to Ease Short-Term Market Turbulence

The U.S. has issued a narrowly tailored, temporary exemption allowing purchases of Russian crude already at sea to stabilize energy markets amid a price spike; the exemption runs through April 11 and applies only to oil loaded before the cutoff, aiming to help supply without financially benefiting Moscow, and follows a separate waiver to India while sanctions and a price cap remain in place.