US sanctions relief on Russian oil extended another month through June 17 as crude markets face fresh pressures.

US sanctions relief on Russian oil extended another month through June 17 as crude markets face fresh pressures. The Treasury Department replaced its April waiver with a new general license allowing transactions involving oil stranded at sea before April 17. This marks the second consecutive monthly extension of exemptions that permit countries like India to continue purchasing Russian crude despite broader sanctions frameworks. The decision comes amid escalating US-Iran tensions that have constrained global oil supplies and kept prices elevated. The new license explicitly prohibits transactions involving Iran, North Korea, Cuba, and designated Ukrainian territories. Markets are watching closely as these policy shifts signal potential shifts in US energy strategy and could impact crude pricing dynamics going forward.