US Extends Russian Oil Waiver Amid Iran War Shortages
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- U.S. Treasury extended a 30‑day general license on Russian oil, allowing sanction‑free deliveries loaded by Friday.
- Scott Bessent had publicly ruled out renewing the Russian‑oil license just days earlier, creating a sudden policy reversal.
- India and other nations can purchase Russian oil under the waiver, per India Today World.
- EU and NATO members are grappling with the war’s fallout, as highlighted by the Crisis Group.
- House Democrat criticized the war’s cost, using the nickname “Dr. Jesus” in a Hill editorial.
- Trump administration reversed its earlier stance, extending the waiver according to The Hill.
- Iran reopened the Strait of Hormuz, and Trump promised to bring Iran uranium “back home” as reported by The Hindu.
Why it matters: The extension lets Russian oil loaded by Friday be sold for 30 days, easing Iran‑war shortages for India and buyers.
