US Reverses Course on Russian Oil Waiver Two Days After Saying It Wouldn't
The Trump administration just extended a sanctions waiver allowing purchases of Russian oil—two days after the Treasury Secretary publicly stated they wouldn't renew it. The license permits buyers to purchase Russian oil and petroleum products loaded onto vessels as of Friday, giving global markets another month to adjust.
Bottom Line
The US extended a waiver allowing Russian oil purchases two days after saying it wouldn't, creating whiplash for energy markets. The move keeps existing supplies flowing but raises questions about whether US sanctions policy is coordinated or reactive. For now, it means one less upward pressure on energy prices—but the reversal itself adds uncertainty to global oil markets.
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