US Renews Russian Oil Waiver

The Trump administration has issued a 30-day extension for the delivery and sale of sanctioned Russian crude oil to manage extreme energy market volatility.

This move, which allows purchases through May 16, aims to mitigate price shocks caused by the ongoing war in Iran.

Critics have labeled the extension a 'betrayal' and 'shameful,' arguing it softens pressure on Moscow during its war with Ukraine.

The waiver highlights the administration's struggle to balance foreign policy objectives with the domestic pressure of soaring gasoline prices.