The United States issued a 30-day licence for countries to buy Russian oil and petroleum products currently stranded ‌at sea in what Treasury Secretary Scott Bessent said was a step to stabilize global energy markets roiled by the Iran war. The announcement comes a day after the U.S. Energy Department said that the U.S. would be releasing 172 million barrels of oil from the strategic petroleum reserve in an effort to curb skyrocketing oil prices. That ​release was part of a broader commitment by the 32-nation International Energy Agency ​toRead more