US extends Russian oil waiver by 30 days as Hormuz closure chokes supply
US treasury secretary said the move would help poorer nations as China would not have the ability to ‘stockpile discounted oil’ from Russia.
US extends waiver on Russian seaborne oil sanctions for 30 days as Hormuz tensions persist
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.