The US has extended a waiver on Russian oil sales as President Donald Trump tries to contain a rise in fuel prices that has stoked voter frustration over the cost of his Iran war.
Treasury secretary Scott Bessent said on Monday that his department would issue a new 30-day licence “to provide the most vulnerable nations with the ability to temporarily access Russian oil currently stranded at sea”.
The move is the second extension of a waiver introduced by the Trump administration in March that allowed Russian oil subjected to sanctions to flow to global markets as part of Washington’s efforts to stem a surge in the price of oil.
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