Trump Administration Extends Sanctions Exemption on Some Russian Oil Amid High Gas Prices
The Trump administration has extended a sanctions exemption allowing the purchase of certain Russian oil and petroleum products until May 16, 2026.This announcement came shortly after Iran declared the Strait of Hormuz open to commercial shipping.The exemption applies to oil loaded onto vessels between April 17 and May 16, continuing a previous waiver that expired on April 11.The US Treasury Department issued the extension despite earlier indications that the waiver would not be renewed.No immediate casualties or disruptions have been reported in connection with this policy update.The move aims to alleviate surging global energy prices amid ongoing geopolitical tensions.This development... [Continue Reading]
360LiveNews | 18 Apr 2026 05:00 LONDON
