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
US prolongs sanctions exemption on Russian oil as supply squeeze drives Brent crude prices higher
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