Russian oil, Waiver
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Democratic senators called extension ‘indefensible gift’ to Vladimir Putin as supply concerns keep Brent oil above $110 per barrel
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.
The US has extended its sanctions waiver for Russian oil already at sea, offering relief until June 17. Meanwhile, India reiterated that its crude sourcing from Russia remains unaffected by American exemptions and will continue based on commercial viability.
US Treasury Secretary Scott Bessent announces another 30-day extension of a sanctions waiver allowing purchases of Russian seaborne oil to aid “energy-vulnerable” countries hi
Treasury Secretary Scott Bessent has said he will extend a temporary pause of U.S. sanctions on Russian oil exports until mid-June. The decision deals a major blow to Kyiv and to the European Commission,
Scott Bessent said the Treasury issued the fresh 30-day general license after the earlier waiver expired on Saturday.
The US Treasury has decided to extend a sanctions waiver allowing trade in Russian seaborne oil for another 30 days. | World News