Sanctions

U.S. sanctions waiver for Russian oil expires without extension

The U.S. Treasury has allowed its waiver on sanctions for Russian seaborne oil to expire, effective June 17, 2026. This decision comes amid ongoing geopolitical tensions and raises concerns about future U.S. sanctions on Russian oil imports. The long-term implication may lead to increased oil prices and market volatility as global oil markets adjust to the new reality of stricter sanctions.