- The US Treasury Department issued a temporary waiver allowing the sale of Russian crude oil and petroleum products that were already loaded onto vessels as of March 12, 2026.
- Treasury Secretary Scott Bessent stated the move aims to increase global supply and lower energy prices by permitting countries to purchase oil currently stranded at sea.
- The specific authorization for these shipments is set to expire on April 11, 2026, following a similar 30-day waiver previously granted to Indian refiners.
- This extension follows a period of intensified pressure on Russia energy sector, including full asset-blocking sanctions on major companies like Rosneft and Lukoil imposed in late 2025.
- Market analysts suggest the waiver is a strategic response to supply disruptions in the Middle East, particularly regarding Iranian restrictions on the Strait of Hormuz.
United States extends license for Russian oil sales to stabilize global energy markets
Apr 18, 2026, 12:10:14 AM UTC(1 day ago)
Impact: Medium
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From:@WatcherGuru
JUST IN: 🇺🇸🇷🇺 US extends license authorizing sale of some Russian oil.
