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💰 Business13 March 2026·2 min read·

US eases Russia oil sanctions amid Iran war-driven energy price surge

Source: newzimbabwe

The US has authorised countries to purchase sanctioned Russian oil and petroleum currently loaded on vessels at sea, in a bid to stabilise global energy markets disrupted by the US-Israel conflict with Iran. US Treasury Secretary Scott Bessent described the measure as temporary, aimed at promoting stability in global energy markets. The move comes as rising oil prices driven by the Iran conflict threaten to push up fuel costs worldwide, including in Zimbabwe.

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