energyThursday, June 18, 2026event Jun 183 sources

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.

The U.S. quietly allowed the waiver on Russian oil sanctions to expire during the war on Iran, as reported by The Hindu. This decision was made under the Trump administration, which aimed to assist vulnerable economies facing an energy crisis. The waiver expired at midnight on June 18, 2026, without an extension, according to the Times of India. Neither President Donald Trump nor senior administration officials clarified whether the sanctions would be reinstated following the expiration. The New York Times reported that the preliminary U.S.-Iran deal temporarily waived restrictions that had limited Iran’s oil sales and its ability to generate revenue from those exports. This move was part of broader negotiations aimed at easing tensions and facilitating economic cooperation. The waiver on Russian oil sanctions and the U.S.-Iran deal were both part of a larger strategy to reshape global energy dynamics during the ongoing conflict. The Hindu and the Times of India diverge on the timing and context of the waiver’s expiration. The Hindu states the waiver expired during the war on Iran, while the Times of India notes it expired at midnight without clarification on reinstatement. The New York Times focuses on the U.S.-Iran deal’s impact on Iran’s oil exports, providing a separate but related perspective on the broader geopolitical maneuvering.

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-hindu

The U.S. quietly allowed waiver on Russian oil to expire during the war on Iran.

times-of-india

The U.S. Treasury did not issue an extension for its sanctions waiver covering Russian seaborne oil, which expired at midnight.

Timelines

Sources

IndependentThe HinduJun 18, 06:27 PM
U.S. quietly allows waiver on Russian oil to expire

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

IndependentTimes of IndiaJun 18, 10:27 AM
Trump sanctions waiver on Russian crude expires: What it means for India amid US-Iran peace deal

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.

IndependentNew York TimesJun 18, 12:19 AM
U.S. Will Waive Oil Sanctions That Have Long Crimped Iran

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.