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  • US Treasury to extend sanction waiver on Russian seaborne oil, source says

    05/18/2026 9:37:32 AM PDT · by delta7 · 4 replies
    Reuters ^ | 18 May 27 | Reuters
    PARIS, May 18 (Reuters) - The U.S. Treasury decided to extend ​its sanctions waiver ‌on Russian seaborne oil, which lapsed on Saturday, after ​several countries asked ​for more time to ⁠buy Russian oil, a ​source familiar with the ​plan said on Monday. The waiver will last another 30 ​days, the source said. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here. The ​United States had issued the waiver ‌in ⁠a bid to ease oil supply shortages and high prices due to ​Iran's ​closure ⁠of the Strait of Hormuz amid ​a...