In a U-turn on its earlier decision, the Donald Trump administration has extended the sanctions waiver on purchase of Russian crude oil at sea. The move comes two days after the earlier sanctions waiver had lapsed on May 16, 2026.

The Trump administration let a waiver for Russian oil sales expire. This happened even as the Iran war caused worries about global oil supplies and rising fuel costs. The move…

The Trump administration let a Russian oil sales waiver expire, then reversed course days later. Here's why crypto traders are watching the May 16 deadline.

The waiver expired one day after Sens. Jeanne Shaheen (D-NH) and Elizabeth Warren (D-MA) said it was helping Russia generate oil revenue