US Treasury extends Russian seaborne oil license amid Hormuz closure

Keypoints Main Story U.S. Treasury Secretary Scott Bessent on Monday announced another 30-day extension of a sanctions waiver allowing purchases of Russian seaborne oil to aid “energy-vulnerable” countries hit by the Iran war, reversing plans not to grant an extension. Bessent said in a posting on X that the Treasury was issuing the 30-day general … Continue reading US Treasury extends Russian seaborne oil license amid Hormuz closure