The United States has issued a 30-day waiver allowing countries to purchase Russian oil stranded at sea, aiming to stabilize the global energy market amid disruptions caused by the conflict in Iran. U.S. Treasury Secretary Scott Bessent announced the waiver on March 12, permitting countries to buy these oil products within the next month to alleviate global energy supply pressures. Asian markets opened lower as U.S. and Iranian leaders exchanged tough rhetoric, heightening risk-off sentiment among investors. The cryptocurrency market also felt the impact, with major assets like Bitcoin, Ethereum, and Solana experiencing short-term downward pressure. Meanwhile, Trump is set to sign an executive order on Friday, with markets closely watching for potential impacts on financial and crypto markets. In related developments, the chair of a key Senate committee plans to hold oversight hearings on the Iran war, aiming to assess its impact on U.S. interests. Additionally, Russian official Dmitriev commented on the U.S. waiver, interpreting it as an acknowledgment of the global market's dependence on Russian oil, with approximately 100 million barrels in transit now free from restrictions.