Trump Administration Reverses Course, Extends Waiver for Russian Oil Purchases

WASHINGTON D.C. | To control rising global fuel prices, the U.S. Trump administration has renewed the waiver allowing the purchase of sanctioned Russian oil. This decision comes just two days after Washington stated it had no plans to grant further exemptions, marking a significant shift in its stance.

The U.S. Treasury Department issued a new license late Friday, permitting Russian oil purchases until May 16. The Trump administration took this step to stabilize energy prices in the global market, which have surged due to the conflict involving the U.S., Israel, and Iran.