WASHINGTON (AP) 鈥� The U.S. Treasury Department on Friday extended its on Russian oil shipments to ease shortages from the Iran war, days after Secretary Scott Bessent ruled out such a move.
The so-called means U.S. sanctions will not apply for 30 days on deliveries of Russian oil that has been loaded on tankers as of Friday. It extended a 30-day license issued in March for Russian oil that had been loaded by March 11. The extension underscores how the fallout from the Iran war has from its energy exports, which had been restrained since the
Speaking at the White House on Wednesday, Bessent ruled out extending the license. 鈥淲e will not be renewing the general license on Russian oil, and we will not be renewing the general license on Iranian oil,鈥� he said. The administration did not immediately explain the reversal.
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