economy
April 26, 2026
US Treasury secretary rules out new extension of Russian oil waiver
The Russian oil carried on ships has been largely "sucked up," Scott Bessent says
TL;DR
- US Treasury Secretary Scott Bessent indicated no plans to extend waivers for purchasing Russian oil on ships.
- The Treasury Department is not planning to issue new licenses for Iranian oil on tankers.
- A previous waiver allowing the unloading of Russian oil loaded before April 17th expired on May 16th.
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