US Extends Russian Oil Waiver to Stabilize Energy Markets
Washington renewed a Russian oil waiver through May 16 to stabilize energy markets. The move follows pressure from allies facing shocks during the Iran war.
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The United States has renewed a critical waiver allowing international buyers to continue purchasing sanctioned oil from Russia by sea. This extension, lasting approximately one month, comes as the administration attempts to balance geopolitical pressure with the need to stabilize global energy markets amid ongoing conflicts in Ukraine and the Middle East.
