U.S. Waives Russian Oil Sanctions Amid War on Iran
The U.S. Treasury allowed the waiver on Russian oil sanctions to expire during the war on Iran, impacting vulnerable economies. The waiver expired at midnight without an extension, leaving uncertainty about reinstatement. The preliminary U.S.-Iran deal temporarily waived restrictions on Iran's oil sales and revenue.
Where Sources Diverge
The hindu reports the waiver expired during the war on Iran, while times-of-india states the waiver expired at midnight without clarification on reinstatement.
The U.S. quietly allowed waiver on Russian oil to expire during the war on Iran.
The U.S. Treasury did not issue an extension for its sanctions waiver covering Russian seaborne oil, which expired at midnight.
Timelines
Sources
During the war on Iran, Mr. Trump’s administration waived U.S. sanctions on Russian oil to help vulnerable economies deal with the energy crisis
The US Treasury did not issue an extension on Wednesday for its sanctions waiver covering Russian seaborne oil, which expired at midnight. However, neither President Donald Trump nor senior administration officials clarified whether the lapse would result in the sanctions being reinstated.
The preliminary U.S.-Iran deal temporarily waives restrictions that have limited the country’s oil sales and how much money it has been able to make from those exports.