US prolongs sanctions exemption on Russian oil as supply squeeze drives Brent crude prices higher
The United States has announced a further 30-day extension of a sanctions waiver that permits the purchase of Russian seaborne oil, aiming to support “energy-vulnerable” nations affected by the conflict involving Iran. The decision reverses earlier indications that no additional extension would be granted. Treasury Secretary Scott Bessent stated that the department issued a new 30-day general license after the previous waiver expired on Saturday. The measure allows temporary access to Russian
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