{"id":59720,"date":"2026-03-12T19:38:30","date_gmt":"2026-03-12T23:38:30","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/us-issues-new-russia-oil-license-as-samsung-and-nvidia-forge-ai-memory-alliance\/59720\/"},"modified":"2026-03-12T19:38:30","modified_gmt":"2026-03-12T23:38:30","slug":"us-issues-new-russia-oil-license-as-samsung-and-nvidia-forge-ai-memory-alliance","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/us-issues-new-russia-oil-license-as-samsung-and-nvidia-forge-ai-memory-alliance\/59720\/","title":{"rendered":"US Issues New Russia Oil License as Samsung and Nvidia Forge AI Memory Alliance"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>US Treasury issues a new general license<\/strong> permitting the sale and delivery of <strong>Russian crude oil and petroleum products<\/strong> loaded on vessels as of <strong>March 12, 2026<\/strong>, to prevent global energy supply shocks.<\/li>\n<li><strong>Samsung (<a href=\"\/stock\/SSNLF\">SSNLF<\/a>) and Nvidia (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> announce a strategic partnership to develop <strong>next-generation ferroelectric NAND (Fe-NAND)<\/strong>, targeting 1,000-layer stacking and a <strong>96% reduction in power consumption<\/strong> for AI data centers.<\/li>\n<li><strong>Peru\u2019s Central Bank (BCRP)<\/strong> maintains its benchmark interest rate at <strong>4.25%<\/strong> for the sixth consecutive meeting, citing anchored inflation expectations despite recent food price volatility.<\/li>\n<li><strong>Geopolitical tensions escalate<\/strong> as the <strong>U.S. Navy fires on an Iranian vessel<\/strong> near the USS Abraham Lincoln, and surveillance drones are reported at <strong>Iraq\u2019s Majnoon oilfield<\/strong>.<\/li>\n<li><strong>FBI takes the lead<\/strong> in a domestic terrorism investigation following a &quot;targeted act of violence&quot; at a <strong>Michigan synagogue<\/strong>, where security neutralized an armed attacker.<\/li>\n<\/ul>\n<h2>US Treasury Issues Emergency Russia Oil Waiver<\/h2>\n<p>The <strong>U.S. Department of the Treasury<\/strong> issued a new Russia-related general license on <strong>March 12, 2026<\/strong>, authorizing the sale and offloading of Russian-origin crude oil and petroleum products. This measure specifically applies to cargoes already loaded on vessels as of today, acting as a <em>short-term stop-gap<\/em> to ensure oil already in transit reaches global markets.<\/p>\n<p>Treasury officials indicated the move is designed to <strong>alleviate price pressure<\/strong> caused by ongoing maritime disruptions in the Middle East. While the license permits the completion of existing voyages, it <em>does not authorize new trade<\/em> outside of these specific terms, maintaining the broader sanctions regime against Moscow.<\/p>\n<h2>Samsung and Nvidia Partner on &quot;Dream&quot; AI Memory<\/h2>\n<p>Samsung Electronics (<a href=\"\/stock\/SSNLF\">SSNLF<\/a>) is accelerating the development of next-generation <strong>Fe-NAND flash memory<\/strong> in a rare R&amp;D partnership with Nvidia (<a href=\"\/stock\/NVDA\">NVDA<\/a>). The collaboration aims to integrate Fe-NAND into Nvidia\u2019s upcoming <strong>&quot;Vera Rubin&quot; AI accelerators<\/strong>, utilizing a new device architecture called <strong>Inference Context Memory Storage (ICMS)<\/strong>.<\/p>\n<p>The technology is expected to achieve <strong>1,000-layer stacking<\/strong>, a massive leap from current 200-300 layer limits, while drastically cutting power usage. This alliance comes as <strong>NAND prices have surged nearly 90%<\/strong> in early 2026, driven by an acute shortage of high-performance storage required for AI inference workloads.<\/p>\n<h2>Peru Holds Rates Amid Regional Uncertainty<\/h2>\n<p>The <strong>Central Reserve Bank of Peru (BCRP)<\/strong> kept its reference interest rate unchanged at <strong>4.25%<\/strong> during its March 12 session. The decision follows a slight uptick in headline inflation to <strong>2.21%<\/strong>, which remains comfortably within the bank&#39;s 1% to 3% target range.<\/p>\n<p>The BCRP Board noted that while the economy is growing near its potential, <strong>upside risks to inflation<\/strong> remain due to geopolitical conflicts and the <em>coastal El Ni\u00f1o phenomenon<\/em>. Analysts suggest the bank is adopting a <em>cautious, data-dependent stance<\/em> as it monitors global energy costs and upcoming domestic general elections.<\/p>\n<h2>Escalating Maritime and Domestic Security Risks<\/h2>\n<p>Global security concerns intensified today following a series of kinetic incidents. In the <strong>Arabian Sea<\/strong>, U.S. officials confirmed that a Navy vessel and a helicopter fired on an <strong>Iranian vessel<\/strong> that approached the <strong>USS Abraham Lincoln<\/strong> aircraft carrier strike group. The Iranian vessel was reportedly struck by <strong>two Hellfire missiles<\/strong> after failing to respond to warnings.<\/p>\n<p>Simultaneously, two surveillance drones were discovered at <strong>Iraq\u2019s Majnoon oilfield<\/strong>, one of the world&#39;s largest reserves. While no damage was reported, the incident has heightened fears regarding the <strong>vulnerability of critical energy infrastructure<\/strong>. Domestically, the <strong>FBI<\/strong> has launched a high-priority investigation into a vehicle-ramming and shooting attempt at <strong>Temple Israel in Michigan<\/strong>, where a suspect was fatally shot by synagogue security after driving a vehicle into the building.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways US Treasury issues a new general license permitting the sale and delivery of Russian crude oil and petroleum 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