InternationalNewsAPI
US extends waiver on Russian oil sanctions to ease Iran war shortages despite Bessent denial - AP News
Overview
The U.S. Treasury extended a 30-day general license pausing sanctions on Russian oil shipments to help offset supply shortages caused by the war involving Iran, reversing an earlier public denial by Treasury Secretary Scott Bessent. The move is part of a series of short-term sanction relief steps—including eased restrictions on Venezuelan oil and consideration of Iranian cargo already at sea—intended to calm global energy markets. Officials and analysts warn these measures may provide only temporary relief while carrying political, logistical and geopolitical risks, including potential benefits to adversary exporters.
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