{"id":319329,"date":"2026-04-16T02:24:51","date_gmt":"2026-04-15T20:54:51","guid":{"rendered":"https:\/\/ebiztoday.news\/?p=319329"},"modified":"2026-04-16T02:24:51","modified_gmt":"2026-04-15T20:54:51","slug":"u-s-is-not-going-to-renew-sanctions-waivers-on-russian-iranian-oil-bessent-says-national","status":"publish","type":"post","link":"https:\/\/ebiztoday.news\/index.php\/2026\/04\/16\/u-s-is-not-going-to-renew-sanctions-waivers-on-russian-iranian-oil-bessent-says-national\/","title":{"rendered":"U.S. is not going to renew sanctions waivers on Russian, Iranian oil, Bessent says &#8211; National"},"content":{"rendered":"<p><\/p>\n<div id=\"\">\n<p>The USA is not going to be renewing the\u00a0waivers\u00a0that allowed purchase of some Iranian and Russian oil without facing U.S. sanctions, U.S. Treasury Secretary Scott Bessent told reporters on Wednesday.<\/p>\n<p>Reuters reported on Tuesday that Washington would \u200cnot renew a 30-day\u00a0waiver\u00a0of sanctions on Iranian oil at sea that expires this week, and let an identical waiver on sanctions on\u00a0Russian\u00a0oil expire over the weekend.<\/p>\n<p>\u201cWe is not going to be renewing the overall license on Russian oil, and we is not going to be renewing the overall license on Iranian oil. That was oil that was on the water prior to March 11. So all that has been used,\u201d Bessent said at a White House briefing.<\/p>\n<p>The moves signal an end to the Trump administration\u2019s efforts to make use of the sanctions waivers to unencumber more oil supplies and lower soaring global energy prices.<\/p>\n<p>The Iranian waiver, which the Treasury Department issued on March 20, allowed some 140 million barrels of oil to \u200breach global markets and helped relieve pressure on energy supply in the course of the war, Bessent said last month. The waiver is ready \u200bto run out on April 19.<\/p>\n<div class=\"c-ad c-ad--bigbox l-article__ad c-ad--tallSticky\">\n<p>Story continues below commercial<\/p>\n<\/p><\/div>\n<p>Bessent said the U.S. was now preparing to further limit latest purchases of Iranian oil with secondary sanctions.<\/p>\n<div class=\"c-inlineSignup\" data-newsletter-inline=\"\">\n<div class=\"c-inlineSignup__image\">\n\t\t\t\t\t<img decoding=\"async\" width=\"170\" height=\"225\" loading=\"lazy\" src=\"https:\/\/globalnews.ca\/wp-content\/themes\/shaw-globalnews\/images\/skyline\/national.jpg\" alt=\"Get daily Canada news delivered to your inbox so you'll never miss the day's top stories.\">\n\t\t\t\t<\/div>\n<div class=\"c-inlineSignup__content\">\n<h2 class=\"c-inlineSignup__title\">Get every day National news<\/h2>\n<p>Get every day Canada news delivered to your inbox so you may never miss the day&#8217;s top stories.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<p>\u201cNow we have told firms, we&#8217;ve told countries that in case you are buying Iranian oil, that if Iranian money is sitting in your banks, we at the moment are willing to use secondary sanctions, which is a really stern measure,\u201d he said.<\/p>\n<p>He added the measures could be \u201cthe financial equivalent\u201d of the U.S. military\u2019s bombing campaign against Iran.<\/p>\n<div class=\"l-article__part\" data-shortcode=\"tp_video\">\n<div class=\"c-video c-videoPlay \" data-iframe-receiver=\"\" data-autoplay=\"\" data-displayinline-featured=\"false\" data-displayinline-type=\"video\" data-displayinline-player-id=\"miniplayer_11759797_69dffb1a79c4e\" data-displayinline-video-id=\"11759797\" data-displayinline-ratio=\"16:9\" data-displayinline=\"https:\/\/globalnews.ca\/video\/embed\/11759797\/#autoplay&#038;stickyiframe=miniplayer_11759797_69dffb1a79c4e\" data-displayinline-sticky=\"true\" data-permutive-data='{\"content\":{\"name\":\"Russia sees profits surge as oil prices spike amid Iran war\",\"type\":\"video\",\"sections\":[\"videos\",\"national\",\"world\"],\"keywords\":[\"international\",\"iran-war\",\"oil-prices\",\"russia\",\"russian-oil\",\"short-clip\",\"top-news\"],\"iab\":{\"categories\":[\"Business and Industrial\",\"Business and Industrial\/Energy and Utilities\",\"News\",\"Business and Industrial\/Energy and Utilities\/Oil and Gas\"],\"tags\":[\"Barrel (unit)\",\"Brent Crude\",\"Ceasefire\",\"China\",\"Donald Trump\",\"Energy\",\"First presidency of Donald Trump\",\"Global catastrophic risk\",\"Global News\",\"Iran\",\"James Brady\",\"Money\",\"NBC News\",\"Oil\",\"Petroleum\",\"Petroleum industry in Russia\",\"Pressure\",\"Price of oil\",\"Reuters\",\"Russia\",\"Russian language\",\"Scott Bessent\",\"Strait of Hormuz\",\"United States\",\"United States Department of the Treasury\",\"United States government sanctions\",\"United States sanctions against Iran\",\"Washington, D.C.\",\"Water\",\"White House\"]}}}'>\n<div class=\"c-video__inner \">\n\t\t\t\t\t<span class=\"c-video__placeholder\"><br \/>\n\t\t\t\t\t\t<img decoding=\"async\" class=\"c-video__image\" alt=\"Click to play video: 'Russia sees profits surge as oil prices spike amid Iran war'\" width=\"640\" height=\"360\" src=\"https:\/\/i1.wp.com\/media.globalnews.ca\/videostatic\/news\/0fb2ur85yf-1oeehbt58d\/russia_site.jpg?w=1040&#038;quality=70&#038;strip=all\" loading=\"lazy\" srcset=\"\" sizes=\"auto, \" data-sizes=\"(min-width: 1040px) 1040px,(min-width: 720px) 720px,450px\"><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"c-video__overlay\"><\/p>\n<p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<time class=\"c-video__duration\">1:57<\/time><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"c-video__title\">Russia sees profits surge as oil prices spike amid Iran war<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>\t\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"c-tabs\">\n<p>\n\t\t\t<button role=\"tab\" class=\"c-tabs__tab c-tabs__tab--active\" type=\"button\">More on U.S. News<\/button><br \/>\n\t\t\t<button role=\"tab\" class=\"c-tabs__tab\" type=\"button\">More videos<\/button>\n\t\t<\/p>\n<\/p><\/div>\n<p>Bessent told NBC News last week that a Treasury evaluation\u00a0showed that the utmost extra amount of oil revenue Russia could get could be US$2 billion.<\/p>\n<p>Critics have blasted the prospect of Russia raising extra profits that will go toward its war with Ukraine, which has continued to pull on despite U.S.-led diplomatic efforts to resolve it.<\/p>\n<div class=\"c-ad c-ad--bigbox l-article__ad c-ad--tallSticky\">\n<p>Story continues below commercial<\/p>\n<\/p><\/div>\n<p>Pressed about that figure by reporters Wednesday, Bessent acknowledged Russia\u2019s additional revenues in the course of the sanctions relief period \u201cmight have been $2 billion, we don\u2019t know,\u201d but defended the move.<\/p>\n<p>\u201cLet\u2019s consider a special world where oil spiked to $150 (per barrel US) and they might have made rather a lot more by doing that, by pushing the Russian barrels that were already on the water, they were going to be sold, they were going to China irrespective of what,\u201d he said.<\/p>\n<p>\u201cThat we pushed it to our allies, we helped stabilize the oil price. \u2026 There have been doomsday scenarios, \u2018Oil\u2019s going to $150. It\u2019s going to $200. It\u2019s going to $250.&#8217;\u201d<\/p>\n<p>Brent crude oil prices have fallen from their peak in the course of the war of US$119 per barrel to above US$90 since U.S. President Donald Trump announced a two-week ceasefire with Iran and efforts to reopen the Strait of Hormuz.<\/p>\n<p><em>\u2014With additional files from Global News<\/em><\/p>\n<\/p><\/div>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The USA is not going to be renewing the\u00a0waivers\u00a0that allowed purchase of some Iranian and Russian oil without facing U.S. sanctions, U.S. Treasury Secretary Scott Bessent told reporters on Wednesday. Reuters reported on Tuesday that Washington would \u200cnot renew a 30-day\u00a0waiver\u00a0of sanctions on Iranian oil at sea that expires this week, and let an identical [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":319330,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20691],"tags":[31544,21847,1903,2667,15985,4920,20233,3761,18515],"class_list":["post-319329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-bessent","tag-iranian","tag-national","tag-oil","tag-renew","tag-russian","tag-sanctions","tag-u-s","tag-waivers"],"aioseo_notices":[{"message":"The permalink for this post just changed! 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