US officials defend Russian oil waiver as gas prices rise
US officials defended a 30-day waiver on Russian oil sanctions to stabilize gas prices. They expect costs to drop as market fears over the Iran war subside.
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Senior officials in the United States are defending a decision to temporarily lift some sanctions on oil from Russia, predicting that the recent surge in gasoline prices will be short-lived. Energy Secretary Chris Wright and U.S. Ambassador to the United Nations Mike Waltz stated that a waiver issued to allow India to purchase Russian supplies is a common-sense measure to alleviate pressure on the global market, including benchmarks such as Brent Crude Oil.
Waltz explained the logistical necessity of the move during a televised appearance on NBC.
