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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.
