India, March 13 -- After granting India a temporary reprieve, the United States has extended a 30-day license allowing more countries to purchase Russian oil currently stranded at sea, as Washington moves to stabilise global energy markets disrupted by the ongoing Iran war.

The United States Department of the Treasury said the measure is a short-term step to expand the reach of existing oil supplies without significantly benefiting Moscow.

"@POTUS is taking decisive steps to promote stability in global energy markets and working to keep prices low as we address the threat and instability posed by the terrorist Iranian regime," the post reads.

"To increase the global reach of existing supply, @USTreasury is providing a temporary authori...