Trump administration reverses course, extends Russian oil sanctions waiver

Apr 18, 2026 - 14:00
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Trump administration reverses course, extends Russian oil sanctions waiver
The Trump administration on Friday reversed course and extended a waiver on sanctioned Russian oil and petroleum products amid the Iran war, just days after a top Cabinet official said the U.S. would not be doing so. A license allowing countries to purchase Russian oil from Friday through May 16 was posted on the Treasury…