U.S. Treasury Renews License for Ship-to-Ship Russian Oil Transfers Until May 16
The U.S. Treasury renewed a license allowing temporary sales of Russian oil at sea, reversing an earlier decision not to extend it. The move aims to ease shortages linked to the Iran war. Indian refiners purchased Iranian crude under a separate one-month U.S. waiver, settling deals in Chinese yuan.
investing.comU.S. S. Treasury extended a license authorizing the temporary sale of Russian oil at sea, renewing a general license that eases Russian oil sanctions. This action came two days after the Treasury stated it would not renew the license.
The extension, effective from Friday through May 16, was posted on the Treasury website. The Trump administration renewed the waiver allowing countries to buy sanctioned Russian oil at sea for about a month, despite a denial by a top Cabinet official. S.
Would not extend the waiver on sanctioned Russian oil. The reversal occurred on Friday amid the Iran war.
Link to Iran War and Oil Shortages
Extended the waiver on Russian oil sanctions to ease shortages related to the Iran war. The Trump administration reversed course and extended the waiver on sanctioned Russian oil and petroleum products amid these shortages.
Indian Refiners'
Purchases of Iranian Crude Indian
Waiver on Iran's oil loaded on tankers. S. waiver window that closes on Sunday, April 19. Indian refiners settled purchases of Iranian crude in Chinese yuan via the Shanghai office of India's ICICI Bank, according to multiple sources familiar with the deals.
Waiver on purchases of Iranian crude loaded on tankers.
Key Facts
Story Timeline
6 events- Apr 18, 9:02 AM ET
1 new source added: seekingalpha.com
1 sourceseekingalpha.com - 2026-04-18
U.S. Treasury extended license for temporary sale of Russian oil at sea, effective through May 16.
4 sources1 · 2 · 5 · 7 - 2026-04-16
U.S. Treasury stated it would not renew the general license on Russian oil sanctions.
2 sources2 · 6 - 2026-04-01 to 2026-04-19
Indian refiners bought Iranian crude under one-month U.S. waiver, settling in Chinese yuan.
3 sources8 · 9 · 10 - Recent weeks prior to 2026-04-18
Indian refiners initially hesitated on Iranian crude purchases following U.S. waiver.
1 source12 - Ongoing as of 2026-04-18
Waiver extension linked to easing oil shortages from Iran war.
2 sources4 · 5
Potential Impact
- 01
Increased purchases of Russian oil by countries under the extended waiver.
- 02
Possible easing of sanctions pressure on Russian oil exports for a short term.
- 03
Potential stabilization of global oil supplies amid Iran war shortages.
- 04
Shift in payment methods for Iranian oil, boosting use of Chinese yuan in deals.
Transparency Panel
Related Stories
thehindubusinessline.comIndia Approves $1.4 Billion Maritime Insurance Pool and Hikes Inflation-Linked Allowances
The Indian government has approved a $1.4 billion maritime insurance pool to support shipping activities. It also increased inflation-linked allowances for certain groups. These measures aim to address economic and sectoral needs, according to reports.
cnbc.comU.S. Consumers Reduce Entertainment Spending Amid War and High Gas Prices
U.S. consumers continue spending despite the U.S.-Iran war and gas prices reaching $4, but data shows a decline in visits to entertainment and dining venues. Industry leaders report impacts on local economies, with some businesses maintaining investment plans. Recent developments…
Photo: Vitaly Gariev / UnsplashFilipino Group BINI Makes Historic Debut at Coachella 2026
The Filipino girl group BINI performed at Coachella 2026, marking the first time an act from the Philippines appeared at the festival. Sources highlight the group's status as breakout stars and the significance of representing their country globally. Coverage emphasizes the pride…