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U.S. Allows Russian Crude Oil Sales Waiver to Expire on May 17

GateNews
Commodities

According to Jin10, on May 17, the U.S. Trump administration allowed a sanctions waiver encouraging Russian crude oil sales to expire. The waiver, which permitted previously prohibited oil purchases, had been granted twice—initially in March and renewed in April—but applied only to Russian crude already loaded on vessels. The decision comes amid concerns over global oil supply tightness following tensions in the Hormuz Strait. The move has drawn conflicting responses: European allies view sanctions as critical to cutting Russian oil revenue and funding for the conflict in Ukraine, while countries including India and Indonesia have lobbied for waiver extensions.

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