US grants 30-day Russian oil waiver amid supply crisis

MSN
2026.05.20 04:19
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The US has granted a 30-day waiver for Russian seaborne oil to alleviate market pressures from disruptions in the Strait of Hormuz. This decision has faced criticism from Democratic lawmakers, who argue it benefits Russia without lowering US fuel costs. With the next review set for June 17, ongoing instability in the Gulf may lead to more temporary waivers in US sanctions policy.