US Treasury Extends Russian Crude Waiver Amid Supply Disruptions
The Treasury Department has extended sanctions relief through mid-May amid global fuel price turmoil tied to the Iran war.
An aerial view of the Panamanian-flagged ship Tiger Wings, carrying crude oil from Russia, is moored off the Petron oil refinery in Limay, Bataan province, Philippines, on April 1, 2026. Ezra Acayan/Getty Images
The Trump administration renewed a key sanctions waiver Friday, allowing countries to purchase Russian oil stranded at sea, responding to urgent pressure from Asian nations battered by skyrocketing energy costs.
The move also reverses a position Treasury Secretary Scott Bessent had stated two days earlier.
Kimberly Hayek
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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.
