🇺🇸🇮🇷 US Treasury Secretary Scott Bessent says Washington is taking steps to stabilize global energy markets amid rising tensions.

The Treasury will temporarily allow countries to purchase Russian oil that is currently stranded at sea.$LYN

Officials say the authorization is a narrowly tailored, short-term measure that applies only to oil already in transit and is not expected to provide significant financial benefit to the Russian government.$RIVER

⚠️ The move is aimed at increasing available global supply as disruptions in the Middle East threaten energy markets.$UAI