The US is preparing a new waiver allowing sales of Russian crude oil and petroleum products already loaded on tankers, according to people familiar with the matter. The Treasury Department’s OFAC is expected to issue the license days after the previous waiver expired on May 16. The move highlights pressure on the Trump administration to contain fuel costs and ease supply strains linked to the Iran war. The waiver could extend beyond 30 days or allow renewals. European allies may oppose the decis

The US is preparing a new waiver allowing sales of Russian crude oil and petroleum products already loaded on tankers, according to people familiar with the matter. The Treasury Department’s OFAC is expected to issue the license days after the previous waiver expired on May 16. The move highlights pressure on the Trump administration to contain fuel costs and ease supply strains linked to the Iran war. The waiver could extend beyond 30 days or allow renewals. European allies may oppose the decision, while Asian importers have pushed for continued sanctions relief.