The US is expected to extend for another month Russia's permission to sell tanker oil...
The US is expected to extend for another month Russia's permission to sell tanker oil. The previous permit expired on May 16. That means the American easing for Russian oil will remain in effect for a third straight month, Reuters reports.
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I've already stopped being surprised or reacting to this kind of news.
Today, for example, it became known that Trump is going to lift sanctions on Iranian oil while the talks are ongoing🤷♂️
And if this somehow affected oil prices, you could at least explain that decision. But oil, meanwhile, is hitting new highs, with Brent at
So... the only thing to count on here is an intensification of Ukrainian strikes on Russia's oil sector.
Reuters
US extends sanctions waiver on Russian oil to aid vulnerable countries
U.S. Treasury Secretary Scott Bessent on Monday announced another 30-day extension of a sanctions waiver allowing purchases of Russian seaborne oil to aid "energy-vulnerable" countries hit by the Iran war, reversing plans not to grant an extension.
Sanctions Extended Through Another Exception
The US keeps Russia's tanker oil waiver for another month.
The ban is doing paperwork again.