US Again Allows More Russian Oil Sales to Help Control Prices

The US on Friday issued a license letting countries buy more Russian oil that’s already been loaded on tankers, part of the White House’s push to prevent prices from surging.

The temporary authorization, which applies to Russian crude that would otherwise be sanctioned, comes after a previous waiver expired April 11. It applies to crude that was loaded onto tankers on or before April 17, the Treasury said in a statement.