The Trump Administration is extending a waiver that allows some Russian oil to be purchased despite sanctions on Moscow, as the war in Iran leads to higher gas, oil and energy prices. The policy is ...

The US has extended its waiver on sanctioned Russian oil until June 17.

PARIS, May 18 (Reuters) - U.S. Treasury Secretary Scott Bessent on Monday announced another 30-day extension of a sanctions waiver allowing purchases of Russian seaborne oil to aid "energy-vulnerable" ...

The decision was announced by US Treasury Secretary Scott Bessent, who said the move will help stabilise crude prices which have skyrocketed due to the disruptions in the Strait of Hormuz, a key ...

A second extension of the waiver indicates that oil market pressures from the closure of the Strait of Hormuz have not eased.

President Trump appears to reverse course again as the US quietly extends a 30‑day waiver allowing trade in seaborne Russian oil after briefly letting the exemption lapse. The move aims to free ...

US extends sanctions waiver on Russian seaborne oil by 30 days amid Hormuz tensions; pressure on India eases ...

The previous waiver was described by US Treasury Secretary Scott Bessent as a measure to stabilize energy markets in the aftermath of the Gulf war.

The Trump administration has once again extended a sanctions waiver allowing the purchase of seaborne Russian oil, this time carving out the exemption for the “most energy-vulnerable” countries as the ...