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Bessent grants a 30-day extension for Russian oil in tankers as Iran war squeezes supply

US Treasury Secretary Scott Bessent said on Monday the US will give a 30-day extension for countries to import Russian oil that is already in tankers at sea, a move that is meant to reduce the oil supply shortages caused by the Iran war. The announcement marks a continued policy

First seen · 6:47 PM UTCMay 18, 2026

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Bessent grants a 30-day extension for Russian oil in tankers as Iran war squeezes supplyUS Treasury Secretary Scott Bessent said on Monday the US will give a 30-day extension for countries to import Russian oil that is already in tankers at sea, a move that is meant to reduce the oil supply shortages caused by the Iran war. The announcement marks a continued policy
6:47 PM UTC

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