WASHINGTON -- The US Treasury Department has extended for another 30 days a sanctions waiver allowing at-risk countries to purchase Russian oil shipments at sea, as supply disruptions linked to the US-Israeli conflict with Iran continue to roil global energy markets.

 

"US Treasury is issuing a temporary 30-day general license to provide the most vulnerable nations with the ability to temporarily access Russian oil currently stranded at sea," Treasury Secretary Scott Bessent said in a post on X.

 

Bessent said the waiver would "help stabilize the physical crude market and ensure oil reaches the most energy-vulnerable countries" while limiting China's ability to stockpile discounted Russian oil.   - (ANA) -

 

AB/ANA/19 May 2026 - - -