US lifts some restrictions on Russian oil, considers more actions to ‘unsanction’ it as prices spike

The U.S. is lifting some restrictions on Russian oil and considering more actions to “unsanction” it as the conflict in Iran raises prices globally, Treasury Secretary Scott Bessent said Friday.

Bessent told Fox Business that the U.S. would allow India to buy Russian barrels.

“Yesterday, Treasury agreed to let our allies in India start buying Russian oil that was already on the water,” Bessent said.