00:00The United States will not be renewing the waivers that allowed purchase of some Iranian and Russian oil without facing
00:07U.S. sanctions.
00:08Treasury Secretary Scott Besson confirmed the decision during a White House briefing.
00:14Reuters reports that a 30-day waiver on Iranian oil at sea will expire this week, while a similar waiver
00:22on Russian oil has already lapsed.
00:24The move signals an end to efforts by the Trump administration to use waivers to increase supply and ease global
00:32energy prices.
00:33The waiver, which the Treasury Department issued on March 20, had allowed 140 million barrels of oil to reach global
00:41markets and help relieve pressure on energy supply during the war.
00:45The waiver is set to expire on April 19.
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