Washington DC, April 18 -- The US Treasury Department has issued a fresh temporary waiver permitting the sale and transport of sanctioned Russian oil stranded at sea, in a move aimed at stabilising global energy markets shaken by the ongoing West Asia conflict.

The license, issued on Friday (local time), allows countries to purchase Russian crude and petroleum products loaded onto vessels as of April 17, with authorisation valid through May 16. It replaces a previous 30-day waiver that expired on April 11.

According to the license issued on the official website of the Treasury department, "(a) Except as provided in paragraph (b) of this general license, all transactions prohibited by the above-listed authorities that are ordinarily inci...