US extends sanctions waiver on Russian oil as supply crunch pushes up Brent crude price
The US has extended a sanctions waiver on Russian oil for another 30 days to assist energy-vulnerable countries amid rising Brent crude prices. This decision has drawn criticism from Democratic senators who argue it benefits Russia and does not alleviate domestic gasoline prices. The waiver allows for the purchase of Russian oil stranded on tankers, but does not apply to newly extracted oil.
- ▪The US extended a sanctions waiver on Russian oil for 30 days to aid energy-vulnerable countries.
- ▪Democratic senators criticized the extension as a gift to Vladimir Putin, arguing it funds the war in Ukraine.
- ▪Brent crude prices have risen above $112 per barrel due to supply concerns.
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A child plays on the shore as the Panamanian-flagged Tiger Wings, carrying crude oil from Russia, is seen moored off the Philippines in April. Photograph: Ezra Acayan/Getty ImagesView image in fullscreenA child plays on the shore as the Panamanian-flagged Tiger Wings, carrying crude oil from Russia, is seen moored off the Philippines in April. Photograph: Ezra Acayan/Getty ImagesUS foreign policyUS extends sanctions waiver on Russian oil as supply crunch pushes up Brent crude priceDemocratic senators called extension ‘indefensible gift’ to Vladimir Putin as supply concerns keep Brent oil above $110 per barrelReutersMon 18 May 2026 21.14 EDTSharePrefer the Guardian on GoogleThe US has announced another 30-day extension of a sanctions waiver allowing purchases of Russian seaborne oil to aid…
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