US extends Russian oil sanctions waiver for 30 days

The US Treasury Department has extended its sanctions waiver on Russian seaborne oil for another 30 days. This decision aims to assist vulnerable nations in accessing stranded Russian oil, amid ongoing global supply concerns. However, it has had limited impact on reducing petrol prices in the US.

This extension may stabilize the crude market and support oil supply chains, particularly for countries reliant on Russian oil imports.

Not investment advice. For informational purposes only.