Treasury Waiver for Russian Oil

Treasury allows Russian oil purchases through May 16.
Waiver excludes Iran, Cuba, and North Korea.
Prior waivers freed 100M barrels (Russia) and 140M (Iran).
Oil prices rise due to Hormuz Strait closure.
Brett Erickson: Not last waiver.
Ursula: Not time to relax Russia sanctions.

International Relations | Sanctions | Energy Policy

Iran | Cuba | North Korea

Brett Erickson | Ursula

9 hours ago