US Issues Temporary License to Facilitate Access to Stranded Russian Oil Amid Global Energy Crisis

The United States has taken a very important and strategic decision amid the global energy crisis and the ongoing volatility in the oil market. US Treasury Secretary Scott Besant has announced that the US Treasury Department is issuing a temporary 30-day'general license '. The main purpose of this move is to temporarily facilitate the world's most sensitive and energy crisis countries to access and receive Russian crude oil stranded at sea. In fact, due to the cessation of the Iran war and the closure of the'Strait of Hormuz ', the supply of oil from the Gulf countries has completely stopped, which has created a serious fuel crisis in front of many countries of the world.