US to Issue New Russia Oil Waiver as Iran War Crunches Supplies
Oil pumping jacks in an oilfield near Dyurtyuli, in the Republic of Bashkortostan, Russia.
Source: BloombergThe US is issuing a waiver allowing the sale of Russian crude oil and petroleum products that are already loaded on tankers, just days after the previous one lapsed.
Treasury Secretary Scott Bessent on Monday said his department is issuing a “temporary 30-day general license.” The announcement confirmed an earlier Bloomberg report that the administration planned the new waiver.