U.S. lifts sanctions on Russian oil already loaded onto tankers, equal to 5-6 days’ worth of normal shipments through the Strait of Hormuz

The U.S. has lifted sanctions on approximately 125 million barrels of Russian oil currently loaded on tankers, representing 5-6 days worth of typical shipments through the Strait of Hormuz. This significant volume of previously sanctioned oil is now cleared for delivery to global markets.