The US has temporarily eased sanctions on countries buying Russian oil to mitigate the economic impact of the US-Israel war with Iran. Treasury Secretary Scott Bessent stated this waiver aims to stabilize global energy markets, although it won't significantly benefit Russia. Oil prices have surged above $100 a barrel due to attacks in the Gulf and the closure of the Strait of Hormuz. Various leaders, including Ukrainian President Zelensky and French President Macron, have expressed concerns about the implications of this decision, while the UK has opted not to follow suit in easing sanctions.