US Extends 30-Day Russian Oil License Amid Iran-War Shortages Despite Bessent Denial

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Source: Politico
TL;DR Summary

The U.S. Treasury extended a 30-day general license pausing sanctions on Russian oil shipments loaded by Friday to ease shortages caused by the Iran war, despite earlier remarks by Secretary Scott Bessent that renewal wouldn’t happen; the move underscores how the Iran conflict is boosting Moscow’s energy profits while sanctions policy remains unsettled.

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