US extends Iran, Russia oil sanctions waivers

U.S. Treasury Secretary Scott Bessent has announced a 30-day extension of sanctions waivers for both Russian and Iranian maritime oil shipments. The exemptions are intended to prevent a further spike in global energy prices by allowing certain vulnerable countries to continue purchasing oil. This move follows previous extensions and ongoing requests from energy-poor nations. The decision comes amid a prolonged U.S. maritime blockade of Iran and continued sanctions pressure on Russia.