WASHINGTON – US Treasury Secretary Scott Bessent on March 6 said his government was considering lifting sanctions on more Russian oil, a day after it temporarily authorised India to buy from Moscow amid a surge in global oil prices. The US-Israel war on Iran and Tehran’s retaliatory attacks across »»»

US Treasury Secretary Scott Bessent said the US is considering lifting sanctions on more Russian oil to ease global supply after energy markets were disrupted by the US-Israel conflict with Iran. Oil prices surged 8.5% on Friday and nearly 30% for the week as fighting in the Gulf region disrupted a»»»

Asian energy buyers are scrambling to find alternatives as the Iran war creates unprecedented supply disruption, but the region has limited longer-term options to reduce its heavy reliance on Middle Eastern oil. The world's top crude importing region buys 60% of its oil and petrochemical feedstock »»»