US extends waiver on Russian oil sanctions to ease Iran war shortages despite Bessent denial
Summary
The U.S. Treasury Department extended a 30-day break on sanctions against Russian oil shipments to help ease shortages caused by the war in Iran. This decision came shortly after Treasury Secretary Scott Bessent said the U.S. would not extend the break.Key Facts
- The U.S. paused sanctions on Russian oil shipments for 30 more days starting Friday.
- This pause applies to Russian oil loaded on tankers as of the new deadline.
- A similar 30-day pause was given in March for oil loaded by March 11.
- The extension helps Russia continue selling energy despite previous limits from the Ukraine conflict.
- The move aims to ease energy shortages linked to the ongoing Iran war.
- Secretary Scott Bessent had recently said the sanctions break would not be renewed.
- The U.S. government has not clearly explained why it changed its decision.
- The pause affects sanctions related to both Russian and Iranian oil.
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