Surprise, surprise (not).

Original source

To Be Or:

The U.S. Treasury Department confirmed that it will not extend the authorization for the sale of Russian oil, which expired on April 11. Sanctions have been reinstated. “We will not renew the general license for Russian oil, and we will not renew the general license for Iranian…

Surprise, surprise (not).

The U.S. has extended the authorization for the sale of Russian tanker-shipped oil, which expired on April 11.

And this comes TWO DAYS after Treasury Secretary Scott Bessent PUBLICLY stated that the license had expired and that there would be NO new sanctions relief. Phenomenal consistency!

The new authorization is valid through May 16 inclusive.

At least now we have learned that decisions in the Trump administration are made by the “he loves me, he loves me not” principle.

Sanctions Found Another Back Door

The U.S. extended the Russian oil waiver after saying it would not.

Firm policy lasted two days.