Treasury Secretary Scott Bessent at the White House on April 15, 2026. Brendan Smialowski/AFP via Getty Images
Treasury Secretary Scott Bessent announced on May 18 another 30-day sanctions waiver allowing the purchase of Russian seaborne oil to aid “energy-vulnerable” countries hit by the Iran war.
“This extension will provide additional flexibility, and we will work with these nations to provide specific licenses as needed,” Bessent wrote in a May 18 post on X.
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