Iran War

US Treasury Extends Russian Crude Waiver Amid Supply Disruptions

The Treasury Department has extended sanctions relief through mid-May amid global fuel price turmoil tied to the Iran war.
US Treasury Extends Russian Crude Waiver Amid Supply Disruptions
Panamanian-flagged ship Tiger Wings, carrying crude oil from Russia, is moored off the Petron oil refinery in Limay, Philippines, on April 1, 2026. Ezra Acayan/Getty Images
Kimberly Hayek
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The Trump administration renewed a key sanctions waiver on April 17, allowing countries to purchase Russian oil stranded at sea, responding to urgent pressure from Asian nations battered by skyrocketing energy costs.

The move also reverses a position that Treasury Secretary Scott Bessent had stated two days earlier.

Kimberly Hayek
Kimberly Hayek
Author
Kimberly Hayek is a reporter for The Epoch Times. She covers California news and has worked as an editor and on scene at the U.S.-Mexico border during the 2018 migrant caravan crisis.