US extends waiver on Russian oil sanctions to ease Iran war shortages despite Bessent denial - Politico
Quick Insights
The Bottom Line
The US extended a waiver on Russian oil sanctions to ease Iran war shortages, despite Bessent's denial.
How This Affects You
This extension could help stabilize global oil prices, potentially preventing price spikes at the pump for average Americans.
AI Summary
The US extended a waiver on Russian oil sanctions, a move intended to ease oil shortages stemming from the ongoing Iran war. This decision was made despite a denial from Bessent regarding the necessity of such a waiver. The extension signals the Trump administration's prioritization of global oil supply stability amidst geopolitical conflict. This action allows certain transactions involving Russian oil to continue, potentially mitigating price spikes and supply disruptions.
Source Coverage Map
29 of 43 tracked sources covered this story
Following this story?
Get notified when new coverage appears
Other Sources Covering This Story
5 sourcesMultiple outlets have reported on this story. Compare perspectives from different sources.
US planning to seize Iran-linked oil tankers, commercial ships worldwide in coming days: report - New York Post
Hormuz domino effect: How the Middle East crisis affects food, flights and global supply chains
This article is part of a story we're tracking:
Should this be getting more attention?
You Might Have Missed
Related stories from different sources and perspectives
GlobalUS renews Russian oil waiver after pressure from countries dealing with Iran war price shocks - Reuters
<a href="https://news.google.com/rss/articles/CBMipwFBVV95cUxNSkpBSFVfcGM2Uk9FbVBxTGQwSTQ5SExOeXVtRGM2Y1lOa2kxdVpYLTNXdkJ6WHJ0OGtmWVkyN2hna0hJanExVzFNTDRUa2hRZWJjOUU1SlhXQW5RQUd5S3lrS0dyd2p2eTBvRk1aMkFrQkVQSnpqVlY4ZnU2MnhDWi1xRzZjdUYybVk5dlFCWHVuVjh1YXN5ZVVEMzcydjN4b1lpTXBCYw?oc=5" target="_blank">US extends waiver allowing countries to buy Russian oil</a> <font color="#6f6f6f">Reuters</font>
GlobalScoop: U.S. eases bank sanctions amid Venezuela's economic woes
<p>The <a href="https://www.axios.com/politics-policy/donald-trump" target="_blank">Trump administration</a> eased sanctions on Venezuela's state-run financial system Tuesday to try to boost the country's economy amid protests by public workers demanding higher pay.</p><p><strong>Why it matters:</strong> Venezuela's government-run bank and other large financial institutions can now begin legally using U.S. currency, directly receive billions of dollars in oil sales and reenter the U.S.-controlled global financial system to help its damaged economy.</p><hr><ul><li>The action by the U.S. Treasury is also intended to help spur oil-sector development in Venezuela and stabilize the new government of acting president Delcy Rodriguez.</li></ul><p><strong>Zoom in:</strong> The U.S. took control of Venezuela's oil revenue from its state-owned company after seizing socialist strongman Nicolas Maduro in a military raid Jan. 3.</p><ul><li>But since then, red tape from U.S. financial sanctions h...
GlobalTrump extends feud with United Kingdom, Starmer with jab at drilling for North Sea oil
President Trump on Tuesday slammed the United Kingdom, which has frustrated the president by not backing the Iran war, over not drilling for oil in the North Sea. “Europe is desperate for Energy, and yet the United Kingdom refuses to open North Sea Oil, one of the greatest fields in the World,” Trump wrote on…
GlobalFrom dropping bombs to pressuring banks: US pivots to economic warfare on Iran - AP News
<a href="https://news.google.com/rss/articles/CBMingFBVV95cUxQNmhBR3VORVJXOGk3aVphLWJWMjE0RDNQdXFtS2xQTHdZcWxzUzN3YUtjdFZLYVlpYnM1aHI0Y056cjdLZ2pEZ2ZIa2dNSng5bEF5ZXUxejdCcUNNRnpZY2dVNVNVdnJ1X3ZMa3pVQnM4eVFVX3RaMkF2dktNa0tmQ08wdENJTjlTemRRT3BvNFNNeHBUczVpUVBHc2NhQQ?oc=5" target="_blank">From dropping bombs to pressuring banks: US pivots to economic warfare on Iran</a> <font color="#6f6f6f">AP News</font>
GlobalAfter criticizing the pope, Trump slams Italy’s Meloni over lack of support for Iran war - AP News
<a href="https://news.google.com/rss/articles/CBMipgFBVV95cUxOb2ZSYTdlamszLTZLc1hoTHczV1ozSTA3QUIyRDRUU3N3dE1DcU5ta1ROYlNZc1dheGVaZ1QxazJrc3ZCcEltZUUzNmdSOW1YdVJ0Y212S2F5RVBmbGNmOUt0SnVtUDJkblhaTW0zbEZ1NkhBRHU1N3o1bTNSZlE3a1BrTFpva2NSLXJFaGRNQUhZNUpQd2xHQXNRWEZ5TDNTUk1oa05R?oc=5" target="_blank">After criticizing the pope, Trump slams Italy’s Meloni over lack of support for Iran war</a> <font color="#6f6f6f">AP News</font>
GlobalUS Treasury's Bessent says China has been unreliable partner by hoarding oil during war - Reuters
<a href="https://news.google.com/rss/articles/CBMiwAFBVV95cUxOQzYwR2l2Q0N5MW82TlRyTGFfeTladkY3aFBYdF9MWVNXVkZFbkFCM2M3dXRVbHp4MkM3TVhYc0RKLXRCa0M5YUs1aW1pS25sNkxQUWRUcHJvam52N005TzFmMXhUTUhnbExjV0N5c3U1XzVjcmptOXVSU2NsT1dkTDgteTF1ckdXNGdUYU9PV2ktRDZsLUZjejdJUW1GYkVYMmZfMkF0cWJFOE9DQzk0c1VIcE01MUFEeDhKaTdnVUQ?oc=5" target="_blank">US Treasury's Bessent says China has been unreliable partner by hoarding oil during war</a> <font color="#6f6f6f">Reuters</font>
Trump calls war on Iran a ‘little diversion’
US President Donald Trump has described the war on Iran which has killed more than 2,000 people as a ‘little diversion’.
Did this story change how you see things?
Stories like this only matter when people see them. Help us get verified journalism in front of more eyes.
The Verity Ledger curates verified investigative journalism from trusted sources only.
See our sourcesMost Read This Week
Report: Merck’s blockbuster cancer drug topped $200,000 a year under Trump
What to know about Eric Swalwell’s exit from Congress and the California governor’s race - AP News
IMF, World Bank, IEA urge countries to stop hoarding energy supplies, imposing export controls - Reuters
Anthony Albanese urges Israel to stop Lebanon attacks that intensified during Middle East ceasefire
Bipartisan duo that pushed Swalwell, Gonzales to resign says other lawmakers may be next
