Trump Administration Extends Russian Seaborne Oil Sanctions Waiver By 30 Days

Key points

• Trump Administration Extends Russian Seaborne Oil Sanctions Waiver By 30 Days Published By, Last Updated: May 18, 2026, 22:50 IST Washington said the extension would provide “additional flexibility” and help ensure oil reaches “the most energy-vulnerable countries.” US Treasury Secretary Scott Bessent.
• (image: AP) The Trump administration has extended its sanctions waiver on Russian seaborne oil cargoes by 30 days, as global energy markets remain under pressure due to disruptions linked to the ongoing Iran war and the closure of the Strait of Hormuz.
• The announcement was made by US Treasury Secretary Scott Bessent in a post on X, where he said the US Treasury was issuing a “temporary 30-day general license" to allow vulnerable countries to access Russian oil currently stranded at sea.
• “US Treasury is issuing a temporary 30-day general license to provide the most vulnerable nations with the ability to temporarily access Russian oil currently stranded at...