Iran War

US Has No Plan to Renew Iranian, Russian Oil Waivers, Bessent Says

The Treasury also sanctioned Chinese refinery and dozens of vessels linked to Iran’s shadow fleet.
US Has No Plan to Renew Iranian, Russian Oil Waivers, Bessent Says
U.S. Treasury Secretary Scott Bessent speaks during a press briefing in the Brady Briefing Room at the White House in Washington on April 15, 2026. Brendan Smialowski/AFP via Getty Images
Kimberly Hayek
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U.S. Treasury Secretary Scott Bessent said on April 24 that the United States will not renew the sanctions waivers that enabled buyers to take delivery of Iranian and Russian crude already loaded on tankers at sea.
Bessent said a one-time license covering Iranian oil on the water would not be extended, calling it “totally off the table.” The parallel waiver for Russian oil and petroleum products will also be allowed to end, he said.
Kimberly Hayek
Kimberly Hayek
Author
Kimberly Hayek is a reporter for The Epoch Times. She covers California news and has worked as an editor and on scene at the U.S.-Mexico border during the 2018 migrant caravan crisis.