Dawn
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09:01 Apr 18, 2026
The Trump administration on Saturday renewed a waiver allowing countries to buy sanctioned Russian oil at sea for about a month, even as lawmakers accused the government of going easy on Moscow as its war on Ukraine grinds on. The United States Treasury Department’s waiver lets countries purchase Russian oil and petroleum products loaded on vessels as of Friday through May 16. It replaces a 30-day waiver that expired on April 11 and excludes transactions involving Iran, Cuba and North Korea. The move is part of the administration’s effort to control global energy prices that have shot higher during the US-Israeli war with Iran. It came after countries in Asia, suffering from the global energy shock, pressed Washington to allow alternative supplies to reach markets. Reversal by treasury “As negotiations (with Iran) accelerate, Treasury wants to ensure oil is available to those who need it,” a Treasury Department spokesperson said. Just two days earlier, Treasury Secretary Scott Bessent said Washington would no...