Washington. On Thursday, the United States Department of the Treasury announced that it will allow countries to purchase Russian oil in transit, aiming to curb the rise in crude prices caused by the conflict in Iran. Treasury Secretary Scott Bessent made the announcement and estimated that millions of barrels of oil could enter the market if sanctions against Russia are lifted. Bessent explained that the exemptions to the sanctions, which will permit the sale and global distribution of Russian oil on vessels, will remain in effect until April 11. The decision by President Donald Trump’s administration comes after oil prices per barrel exceeded $100. Last week, the Treasury had allowed India to access Russian oil stranded at sea for a period of 30 days, but it now expands this measure globally. The Trump administration emphasised that lifting the sanctions would not have an impact on Russia. On Thursday, Trump stated that the increase in oil prices, resulting from the conflict between Washington and Israel against Iran and the disruption of traffic in the Strait of Hormuz, will generate revenue for his nation, referring to domestic oil production. Moreover, he underscored that his goal is to eliminate Iran’s nuclear programme. The president stated on his platform Truth Social that «the United States is the top producer of oil worldwide, so when oil prices rise, we profit.» He said this in the context of the thirteen-day conflict, amidst global concern over disruptions in oil and gas supply chains. The rise in oil and gas prices benefits producers of more complex hydrocarbon extraction, such as those using hydraulic fracturing or extracting oil sands in the United States and Canada.