U.S. extends waiver allowing countries to buy Russian oil
The Hindu·2h ago·Fear
What Happened
U.S. President Donald Trump's administration extended a waiver on Friday allowing countries to purchase sanctioned Russian oil at sea through May 16. The extension aims to control global energy prices rising due to U.S.-Israeli military operations against Iran. The Treasury Department approved purchases of oil loaded on vessels as of April 17.
Key Entities
U.S.Donald TrumpRussiaIranTreasury DepartmentRussian oilMay 16, 2026