UK eases Russian oil sanctions
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By David Lawder 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" countries hit by the Iran war,
Democratic senators called extension ‘indefensible gift’ to Vladimir Putin as supply concerns keep Brent oil above $110 per barrel
The US Treasury has decided to extend a sanctions waiver allowing trade in Russian seaborne oil for another 30 days. | World News
The US has extended by another month its sanctions waiver for Russian crude already loaded on tankers, aiming to stabilise global oil supply amid disruptions caused by the Strait of Hormuz crisis and ease pressure on crude prices.
The US had issued the waiver in a bid to ease oil supply shortages and high prices due to Iran's closure of the Strait of Hormuz amid a US-Israeli offensive, but the move has done little to calm U.