US extends sanctions waiver on Russian oil

The United States has extended a sanctions waiver for countries purchasing Russian oil and petroleum products loaded on tankers at sea for another 30 days, now lasting until June 17. Treasury Secretary Scott Bessent stated this move aims to assist vulnerable nations while stabilizing global energy markets amid ongoing tensions related to the US-Israel conflict over Iran. Approximately 113 million barrels of Russian oil are currently at sea, with India and China remaining key buyers despite previous sanctions.

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