US extends Russian oil sanctions waiver in bid to tame fuel prices
The US Treasury Department has extended its sanctions waiver on Russian seaborne oil for another month. This extension aims to stabilize energy markets and prevent a fuel price crisis for American consumers. The waiver allows specific oil cargoes to continue flowing into global markets without enforcement actions, addressing concerns from energy-vulnerable countries.
- ▪The sanctions waiver, known as General License 134B, was first issued in March and has been renewed multiple times.
- ▪The extension is intended to help lower fuel prices amid geopolitical tensions.
- ▪Approximately 10 countries requested relief from tighter oil market conditions, prompting the waiver's renewal.
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<img src="https://static.cryptobriefing.com/wp-content/uploads/2026/05/18203723/25-russian-oil-tariffs-on-india-eliminated-nnr-global-logist-1-800x420.jpeg" alt="US extends Russian oil sanctions waiver in bid to tame fuel prices" class="w-full aspect-[19/10] object-cover" /> US extends Russian oil sanctions waiver in bid to tame fuel prices The Treasury Department renewed General License 134B for another month, keeping a narrow window open for Russian seaborne oil cargoes amid political backlash. Share Add us on Google by Editorial Team May. 18, 2026 The US Treasury Department has extended its sanctions waiver on Russian seaborne oil for an additional month.
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