Thursday’s licence, which authorises the delivery and sale of Russian crude oil and petroleum products loaded on vessels as of Mar 12, will remain valid through midnight Washington time on Apr 11, according to the text of the licence posted on the Treasury Department’s website.
The US Treasury previously issued a 30‑day waiver on Mar 5 specifically for India, allowing New Delhi to buy Russian oil stuck at sea.
Among other measures to tame energy prices, Trump has already ordered the US International Development Finance Corporation to provide political risk insurance and financial guarantees for maritime trade in the Gulf and said the US Navy could escort ships in the region.
In another attempt to control prices, the Trump administration is considering temporarily waiving a shipping rule known as the Jones Act to ensure energy and agricultural products can move freely between US ports, the White House said.
Waiving the rule would allow foreign ships to carry fuel between US ports, potentially lowering costs and speeding deliveries.
“The president is taking every action he can to lower prices … unsanctioned oil that’s at sea to get that into the market, continuing to push our own producers to drill and expand production as fast and as far as they can, providing regulatory relief, and you’re going to see more and more in the days to come,” White House Deputy Chief of Staff Stephen Miller told Fox News’ “Primetime” program on Thursday.