U.S. won't be renewing waivers for Iranian and Russian oil, says Bessent
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U.S. won't be renewing waivers for Iranian and Russian oil, says Bessent
The United States will not renew waivers that allowed the purchase of some Iranian and Russian oil without facing U.S. sanctions. Treasury Secretary Scott Bessent confirmed the decision to reporters during a White House briefing, signalling a tougher stance on energy-related sanctions.