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.

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 waiver, which allowed purchases of Russian oil stranded at sea, has expired as of 12:01 a.m. Eastern Daylight Time on May 16.

The waiver temporarily lifts sanctions on Russian oil for 30 days.