US quietly allows waiver on Russian oil to expire
The lapse ends a 30-day license issued in March as officials weighed allied criticism and pressure from Asian economies facing fuel shortages.
- A temporary United States sanctions waiver permitting the sale and delivery of Russian seaborne crude oil expired for the third time on Wednesday, as the Treasury Department did not publish an extension.
- The Trump administration issued the initial waiver in March to mitigate global energy market disruptions caused by the Iran war, which effectively blockaded the Strait of Hormuz.
- Market anticipation of a finalized United States-Iran deal has triggered a sharp drop in energy prices, with Russian Urals crude falling below $65 per barrel from around $120 during the war.
- During the G7 summit on Tuesday, President Donald Trump stated the White House is "in a position" to let the license lapse because "the oil is now flowing" through the Strait.
- United States envoys Steve Witkoff and Jared Kushner will visit Moscow soon to discuss ending the war in Ukraine, the Kremlin said on Sunday, while Tehran expects to begin selling oil later this week.
19 Articles
19 Articles
US Allows Waiver on Russian Seaborne Oil to Lapse
The United States allowed its waiver of sanctions on Russian seaborne oil to expire at midnight on June 17. Washington has twice previously allowed the waiver to expire in recent months only to extend it days later. During the war with Iran, the Trump administration waived the measures to help vulnerable economies cope with the energy crisis that ensued from the resulting closure of the Strait of Hormuz, through which a fifth of global oil suppl…
The U.S. Treasury Department today did not publish an extension of the exemption from sanctions on Russian oil transported by sea, which expired at midnight, but neither President Donald Trump nor his government clarified whether that means that the measures will be imposed again.During the war against Iran, the Trump administration suspended sanctions on Russian crude to help vulnerable economies cope with the energy crisis. This could change a…
US quietly allows waiver on Russian oil to expire
The U.S. Treasury on Wednesday did not publish an extension of its waiver of sanctions on Russian seaborne oil that ran out at midnight, but President Donald Trump and administration officials did not say whether that meant the measures would be re-imposed.
The US Treasury has not yet announced the extension of exemptions from sanctions against Russian oil after their expiration on June 17, 2026
The exemption from the relaxed US sanctions on Russian oil has expired. The period during which the sanctions were frozen, as set out in the relevant US Treasury Department document, expired on Wednesday night.
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