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Briefing: Oil drops after US issues license for countries to buy Russian oil stranded at sea for 30 days

Strategic angle: The US grants a temporary license allowing the purchase of stranded Russian oil, leading to a drop in oil prices.

Editorial StaffMarch 13, 20261 min read

US issues a 30-day license for purchasing stranded Russian oil.

Oil prices experience a decline following the announcement.

The move aims to alleviate supply issues in the global market.