Trump extends Russian oil sanctions waiver for most vulnerable nations
The Trump administration has extended a sanctions waiver for the purchase of Russian oil, specifically for the most energy-vulnerable countries amid ongoing disruptions caused by the war in Iran. Treasury Secretary Scott Bessent announced a 30-day general license to facilitate these purchases, which aims to stabilize the crude market. Critics argue that this move supports Russia and fails to alleviate rising energy costs for American families.
- ▪The sanctions waiver allows the purchase of seaborne Russian oil for energy-vulnerable nations.
- ▪This extension was necessary due to the closure of the Strait of Hormuz, which has severely impacted global oil flows.
- ▪International crude oil prices have surged above $100, with gasoline prices nearing all-time highs.
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The Trump administration has once again extended a sanctions waiver allowing the purchase of seaborne Russian oil, this time carving out the exemption for the “most energy-vulnerable” countries as the war in Iran continues to choke global flows of crude. Treasury Secretary Scott Bessent confirmed Monday that the United States would issue a 30-day general license allowing the purchase of Russian oil, just two days after the administration let its previous waiver expire. Recommended Stories EPA and HHS propose rescinding parts of Biden’s PFAS limits in drinking water NextEra Energy to buy Dominion, creating world’s largest utility Permitting reform stalled in the Senate.
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