Politics

US weighs ‘unsanctioning’ Russian oil as Iran war pushes prices to highest since 2023

Ammar Anwer

07.03.2026, 09:42

The move would apply only to Russian oil cargoes already in transit, US Treasury Secretary Scott Bessent said. — The move would apply only to Russian oil cargoes already in transit, US Treasury Secretary Scott Bessent said. Photo by John Lamparski/Getty Images

The US imposed sanctions on major Russian oil firms in October.