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Associated Press

US Won't Renew Iranian and Russian Oil Waivers, Bessent Says

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The Associated Press

11:04 JST, April 25, 2026

WASHINGTON (AP) — Treasury Secretary Scott Bessent said Friday that the U.S. does not plan to renew a waiver allowing the purchase of Russian oil and petroleum products that are currently at sea. And, he said, a renewal of the one-time waiver for Iranian oil at sea is totally off the table.

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