The 30-Day pivot: Why Washington just extended the deadline for buying Russian oil
Indian Express·2h ago·Neutral
What Happened
Trump administration extended a 30-day waiver allowing countries to purchase sanctioned Russian oil until May 16. The extension aims to control rising global energy prices amid US-Israeli tensions with Iran. The waiver permits sea-based oil transactions without US sanctions. Treasury Secretary Bessent previously stated the waiver would not be renewed, creating contradictory signals on Russia sanctions policy.
Key Entities
Trump administrationRussian oilUS sanctionsMay 16Scott BessentIranStrait of HormuzUkraineUrsula von der Leyen