The United States has made a temporary change to its rules. This allows countries to buy sanctioned Russian oil that is already on ships at sea.
The decision comes as a conflict between the US and Israel against Iran has pushed oil prices very high. Prices have now gone above $100 per barrel.
US Treasury Secretary Scott Bessent said this is a temporary step. He explained it is meant to help keep global energy markets steady during the ongoing war.
This action is intended to ease the economic problems caused by the oil price increase. It offers a short-term solution to the supply issues affecting the world's energy market.