By Chen Aizhu and Florence Tan SINGAPORE, March 17 (Reuters) - Chinese state oil majors looking to head off supply shortages caused by the war in the Middle East have resumed seeking Russian crude cargoes after a four-month hiatus,

The U.S. is temporarily easing part of its sanctions measures on Russian oil, a reflection of global worries about sharply higher oil prices due to the Iran war.

The U.S. is temporarily allowing the purchase of Russian oil that's already at sea, in the Trump administration's latest move to loosen sanctions on Russia's oil industry as the world grapples with high oil prices.

The move is likely to be a boon to Russia as the United States tries to stem the economic fallout from its war on Iran as the price of crude has soared.

Chinese state oil giants are resuming purchases of Russian crude, four months after a halt due to US sanctions, leveraging a new waiver to secure supply amid a blocked Strait of Hormuz and soaring global oil prices.

The US issued a 30-day waiver allowing countries to buy sanctioned Russian oil and petroleum products currently stranded at sea, in what Treasury Secretary Scott

The Kremlin hopes the Trump administration’s move to contain oil prices sent soaring by the U.S.-Israeli war on Iran will lead to further relief.

The US issued a second authorisation letting countries buy more Russian oil that’s stuck on tankers due to sanctions, part of the White House’s push to prevent prices from surging.

U.S. special operations forces have intercepted a Russian-flagged oil tanker in the North Atlantic, capping a tense pursuit that unfolded alongside a submarine standoff and fresh warnings over sanctions busting. The operation, carried out with allied ...

A temporary removal of U.S. sanctions on Russian tankers at sea failed to calm concerns over prolonged disruptions to the flow of crude through the Strait of Hormuz.