US extends Russian oil waiver to steady global markets

The U.S. Treasury extended for another month a general license allowing the sale of Russian crude already on the water to help stabilize global oil supplies and temper prices amid disruptions in the Strait of Hormuz. Treasury Secretary Scott Bessent says the move supports energy-poor countries and reroutes supply as needed, while critics argue it enriches Moscow; with U.S. crude around $103 a barrel, this marks another month of sanctions relief and the possibility of additional licenses if required.