US Refuses To Extend Russian, Iranian Oil Sanctions Waiver Amid Hormuz Blockade
Last Updated:April 16, 2026, 02:08 IST The moves signal an end to the Trump administration’s efforts to use the sanctions waivers to free up more oil supplies and lower soaring global energy prices. US Treasury Secretary Scott Bessent. (Courtesy: Reuters) The United States has announced that it will not extend sanctions waivers allowing countries to…