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US extends waiver for Russian oil cargoes stranded at sea amid Iran war

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US extends waiver for Russian oil cargoes stranded at sea amid Iran war

New Delhi: The United States on Monday extended by 30 days a sanctions waiver for Russian oil cargoes already stranded at sea, as global crude markets remain under pressure from the Iran conflict and disruptions around the Strait of Hormuz. US Treasury Secretary Scott Bessent said the temporary general licence would allow the most energy-vulnerable nations to access Russian oil…

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