The “return of Russian oil” refers to the U.S. Treasury’s series of short-term General Licenses (GL 133 issued March 5, followed by GL 134 on March 12 and updated GL 134A on March 19, 2026) that authorize the sale, delivery, and offloading of sanctioned Russian-origin crude oil and petroleum products already loaded on vessels. (ww.reuters.com)…
The US Treasury issued a temporary waiver on restrictions for certain stranded Russian oil shipments, announced around March 12-13, 2026, to address global supply disruptions amid escalating tensions with Iran.
This 30-day exemption allows countries to purchase and transport Russian crude and petroleum products that were loaded onto ships as of March 12, 2026, with…
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