He US Government has decided lift sanctions on Russian oil. Specifically, it has granted temporary authorization for the purchase of Russian crude oil stranded on the high seas with the aim of trying to stabilize the energy markets, although it has not managed to make the ‘black gold’ relax, since it continues to rise and continues to be installed in the environment of the 100 dollars. Regarding the lifting of sanctions on Russian oil, the US Treasury Secretary, Scott Bessenthas said that it is a «short-term, very specific measure», and that applies only to oil already in transit. The data indicates that there are currently about 124 million barrels of oil of Russian origin on the high seas, in 30 locations worldwide, which would be enough to supply demand for five to six days. In any case, Bessent has also pointed out, «the temporary increase in oil prices is a short term disruption that will result in massive profit for our nation and our economy in the long term.» But no measures are working to ease the tension in the oil market, not even the decision of the International Energy Agency (IEA) to undertake the largest release of strategic crude oil reserves in history. And the fear of a supply shortage, given the de facto closure of the Strait of Hormuz, is weighing more on investor sentiment, and hence oil continues to skyrocket. Especially after Iran’s new supreme leader, Mojtaba Khameneihas stated that the strait must remain closed «to pressure the enemy».
