Crypto Banter(@crypto_banter):🚨US Treasury is issuing a temporary 30-day general license allowing the most energy-vulnerable nations to access Russian oil currently stranded at sea. This aims to stabilize the physical crude market, ensure oil reaches countries in need, provide flexibility for specific licenses, and help redirect supply away from China’s discounted stockpiling.

2026.05.18 17:59

🚨US Treasury is issuing a temporary 30-day general license allowing the most energy-vulnerable nations to access Russian oil currently stranded at sea. This aims to stabilize the physical crude market, ensure oil reaches countries in need, provide flexibility for specific licenses, and help redirect supply away from China’s discounted stockpiling.

Treasury Secretary Scott Bessent@SecScottBessent

2026.05.18 16:29

.@USTreasury is issuing a temporary 30-day general license to provide the most vulnerable nations with the ability to temporarily access Russian oil currently stranded at sea. This extension will provide additional flexibility, and we will work with these nations to provide specific licenses as needed. This general license will help stabilize the physical crude market and ensure oil reaches the most energy-vulnerable countries. It will also help reroute existing supply to countries most in need by reducing China’s ability to stockpile discounted oil.