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 expiration effectively ends for now a brief period where the administration eased sanctions on some Russian oil, enabling purchases that would otherwise be barred.

No renewal notice posted on US Treasury website so far for waiver that had allowed countries such as India to buy Russian seaborne oil. What we know on day 1,544

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

Washington has extended its sanctions waiver for Russian oil cargoes at sea by 30 days. This move aims to help vulnerable nations access Russian oil amidst surging global energy…

The extension allowing for the purchasing of Russian oil comes just two days after the administration let its previous waiver expire.